XponentL, a Philadelphia, PA-based data and AI consultancy company, raised a strategic investment from Databricks Ventures and Inoca Capital Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to further enhance its continued growth in the data and AI market through industry innovation, global scale, and purpose-built solutions built on its data intelligence platform.
Led by CEO Tom Johnstone, XponentL Data is a data products solution provider, dedicated to enabling data experiences for its clients. With expertise in data product strategy, design, and engineering, it helps organizations derive value from their data and bridge the gap between data producers and consumers. By delivering a suite of customized data products, XponentL empowers clients to reduce time-to-insight and unlock the full potential of their data assets.
Commenting on the news, Tom Johnstone said: “This partnership reaffirms our dedication to drive innovation and deliver transformative data solutions for our clients. With Databricks’ support, we are poised to accelerate our mission of enabling brilliant data experiences and revolutionizing the way businesses interact with and derive value from their data.”
FinSMEs
22/05/2024