Noogata, a New York and Tel Aviv, Israel-based provider of a no-code artificial intelligence (AI) solutions, raised $16M in Series A funding.
The round, which brings total funding to $28m, with the seed investment made by Team8 and Inference Partners, was led by Eight Roads, with participation from Allon Ventures.
The new capital will be used to support Noogata’s expansion goals in the United States and research and development (R&D) operations in Israel. Over the next year, the company will also grow its sales, marketing, and product development teams to continue to bring its platform to the next level. This includes extending integrations with a growing list of datasets from Amazon, direct to consumer, and Google to the platform, as well as expanding the range of solutions (AI blocks) that Noogata offers. The company will also establish partnerships with large data warehouses, including Snowflake.
Led by CEO Assaf Egozi, Noogata provides a no-code artificial intelligence (AI) platform for business users who need to turn their data into actionable insights quickly and easily to drive opportunities, growth, and profit. It is currently being used by a range of blue-chip companies to drive sales and scale AI across their organizations.
Brands including Colgate Palmolive, PepsiCo, mDesign, and Bugatti use the platform.
With currently over 40 employees in Tel Aviv and New York City, Noogata will be hiring for a variety of roles this year, including leadership roles in engineering, finance, sales, and customer success – aiming to have over 100 employees by the end of 2022.
FinSMEs
13/04/2022