Total amount raised
$29.5 Millions
Latest funding date
01/01/2025
Location
Savant Labs has successfully raised $18.5 million in a Series A funding round led by Dell Technologies Capital, with participation from Vertex Ventures, Cota Capital, Village Global, Bloomberg Beta, West Wave Capital, and Uncorrelated Ventures. The funding aims to expand its AI automation platform and scale its go-to-market teams.
Keep reading to explore the intricacies of Savant Labs' fundraising journey and the investors backing this innovative platform.
What Is Savant Labs?
Savant Labs, founded on September 9, 2021, is headquartered in San Carlos, California. The company specializes in cloud-based, AI-powered analytics automation solutions, serving industries such as analytics, artificial intelligence, big data, and SaaS. The platform offers no-code and low-code tools for data analysis, enabling rapid insights through visual workflows and generative AI.
The company was founded by Barry Burns, Chitrang Shah, Matt Mesher, Yintao Song, and Yunfeng Yang. Currently, Savant Labs employs between 51 and 100 people and is actively growing, having recently raised $18.5 million in a Series A funding round.
How Much Funding Has Savant Labs Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial AI-powered analytics platform.
- Seed Round
- Amount Raised: $11 million
- Date: March 2023
- Lead Investors: Cota Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial market reach.
- Series A
- Amount Raised: $18.5 million
- Date: January 2025
- Lead Investors: Dell Technologies Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the AI automation platform and scale go-to-market teams.
Total Amount Raised: $29.5 million. Current Valuation: Not publicly disclosed.
Key Investors
- Dell Technologies Capital
- Details: Dell Technologies Capital is the venture capital arm of Dell Technologies, focusing on early to growth-stage investments in technology companies. They aim to support innovative startups that align with Dell's strategic interests.
- Investment Focus Areas: Technology, enterprise solutions, IT infrastructure.
- Notable Investments: Nutanix, Zscaler, MongoDB.
- Vertex Ventures
- Details: Vertex Ventures is a global network of venture capital funds investing in early-stage technology and healthcare companies. They provide capital and strategic support to help startups scale.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Grab, Waze, CyberArk.
- Cota Capital
- Details: Cota Capital is a venture capital firm that invests in early-stage and growth-stage technology companies. They focus on companies that are transforming enterprise software and data infrastructure.
- Investment Focus Areas: Enterprise software, data infrastructure, AI.
- Notable Investments: Snowflake, DataRobot, Cohesity.
- Village Global
- Details: Village Global is a venture capital firm backed by some of the world’s most successful entrepreneurs. They invest in early-stage technology startups across various sectors.
- Investment Focus Areas: Technology startups.
- Notable Investments: Slack, Cruise, Opendoor.
- Bloomberg Beta
- Details: Bloomberg Beta is an early-stage venture fund backed by Bloomberg L.P., focusing on startups that are transforming the future of work. They invest in companies that improve productivity and collaboration.
- Investment Focus Areas: Future of work, AI, data analytics.
- Notable Investments: Slack, Knotel, Flexport.
What's Next for Savant Labs?
With the recent $18.5 million Series A funding, Savant Labs is poised to capitalize on the growing demand for AI-powered analytics solutions. The company plans to expand its AI automation platform, addressing the limitations of legacy tools and providing secure, cloud-based solutions. This expansion presents a significant opportunity in the $25 billion analytics market.
Future fundraising seems promising, given the strong backing from prominent venture capital firms. As Savant Labs scales its go-to-market teams and enhances its platform capabilities, additional funding rounds could further accelerate growth. However, the company will need to navigate challenges such as competition from established analytics platforms and ensuring data security and compliance as they scale.
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