Data Virtuality Raises €1M in Equity Funding

Published On July 20, 2012 |

Data Virtuality GmbH, a Leipzig, Germany-based company that develops and markets software which enables companies to automatically collect and process data from different data sources, has raised around €1m in equity funding.

Backers include Technologiegründerfonds Sachsen (TGFS) and High-Tech Gründerfonds (HTGF).

The company intends to use the funding to further develop and market its software solutions for the automated creation of data warehouses.

Founded by Dr Nick Golovin, Managing Director, Data Virtuality offers Data Virtuality, which collects and collates data from the various data sources, and creates a customer-tailored data warehouse automatically. The software solution allows real-time access to the latest company data, reducing manual effort, implementation time and costs in comparison to the technology available on the market.

FinSMEs

19/07/2012

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