Graphext Raises $4.6M in Funding

Graphext, a Madrid, Spain-based provider of an exploratory data analysis platform for building explainable AI models, raised $4.6M in funding.

The round, which brought total funding raised to date to $7M, was led by Hoxton Ventures with participation from 80 angels, including

Miguel Arias (former COO at Carto & partner at Kfund) 

Serhii Sokolenko (Product at Snowflake)

Juan Luis Pérez (former Global Head of Research at UBS)

Joaquin Cuenca, Alejandro, and Pablo Sánchez (founders of Freepik)

Vicent Martí (GitHub, Planetscale)

Javi Lopez (Founder of Erasmusu) 

Juanjo Mostazo (Co-founder and CTO of Homa Games)

Ahmed Men (Founder of Lazy.so)

Jose Florido (Spotify, Meta, Google),

among many others angels. 

The company intends to use the funds to expand operations and its business reach, mainly in the US.

Led by Victoriano Izquierdo and Miguel Cantón, Graphext is a data exploration and predictive modeling platform that enables data scientists to explore data, create predictive models and collaborate with the business in a single place. The system can connect with, read, and write data from any modern data warehouse. This includes Snowflake, Google Bigquery, Databricks, Redshift, Azure, and others. It can even work with simple data sources, like an Excel file, a CSV, Google Sheets, or even a Notion database.

Currently, the company has more than 10K users and 80 paying customers.

FinSMEs

14/06/2023