RAW Labs, a Lausanne, Switzerland-based data management solution provider, completed a USD 5.5M pre-A funding round.
The round was led by a group of investors specializing in investments of high growth technology companies and Investiere.ch. Claude Honegger (former global CIO of Credit Suisse) and Pyrros Koussios (former private equity investor and senior executive at international technology companies) are joining the board of directors.
The company intends to use the funds to accelerate the acquisition of large enterprise clients and continue investing in the expansion of the capabilities of its core NoDB data platform.
An École Polytechnique Fédérale de Lausanne (EPFL) spinout, RAW Labs provides a platform for data engineers, data scientists, and data analysts to access, query, clean, and enhance heterogeneous data sources in near real time and transform them into high-value data products for consumption by analytical tools, ML-models, and enterprise applications.
RAW’s NoDB leverages a query engine, which uses Category Theory to query large and complex data sources at high performance without the need for any time-consuming ETL/ELT preprocessing or integration with data sources.
The company is now led by newly appointed CEO Lars Farnstrom, while Professor Anastasia Ailamaki, co-founder of RAW Labs, will continue as Chief Scientific Officer.