Datavolo, a Phoenix, AZ-based company which specializes in multimodal data pipelines for AI, raised over $21M in funding.
The round was led by General Catalyst, with participation from investors including Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures.
The company intends to use the funds to expand operations and development efforts.
ed by Joe Witt, CEO, and Luke Roquet, COO, Datavolo provides a multimodal data pipeline platform that enables users to ingest, process, govern, schedule and track unstructured data from beginning to end, establishing a chain of custody for mission-critical generative AI retrieval-augmented generation (RAG) applications. These are key requirements for regulated and security-sensitive industries such as banking. It is empowered by Apache NiFi which was created at the National Security Agency (NSA) specifically to handle secure pipelines of multimodal data.
The company is also announcing a private beta program for customers building Retrieval Augmented Generation (RAG) applications.
FinSMEs
03/04/2024