Cloudsquid, a Berlin, Germany-based provider of an AI-Agent platform specializing in extracting and transforming unstructured data, raised $1M in Pre-Seed funding.
The round was led by High-Tech Gründerfonds and Backbone Ventures, with participation from angel investors Reetu Kainulainen (Founder Ultimate AI) and Udi Miron (VP Product Ultimate AI).
The company intends to use the funds to expand its engineering team and scale its core platform.
Founded by Filip Rejmus (formerly of Taktile and Uber), Sangwoo Bae (formerly of AWS and Kubermatic), and Mike McCarthy, Cloudsquid offers a platform for building unstructured data pipelines, enabling engineering and data teams to focus on core product functionality rather than data integration. Its API is capable of ingesting files in any format, transforming them into structured data, and integrating directly with downstream systems like databases, ERPs, and CRMs. By solving this data integration challenge at the initial intake step, engineering and data teams can bypass manual data entry workflows entirely and focus on building new user experiences for end customers and internal teams.
Already serving customers ranging from high-growth tech startups to established enterprises, Cloudsquid expects a general availability release and a freemium plan planned by the end of 2024.
FinSMEs
04/11/2024