RAW Labs banks $5.5M pre-Series A funding

RAW Labs is an EPFL spinoff helping companies unlock the value of data. The company developed NoDB, a single unified platform that allows data engineers, data scientists, and data analysts to seamlessly access, query, clean, and enhance heterogeneous data sources in near real-time and transform them into high-value data products for consumption by analytical tools, machine learning models, and enterprise applications. 

RAW NoDB has a revolutionary query engine. This gives RAW the unique capability to query large and complex data sources at high performance without the need for costly and time-consuming information integration preprocessing or integration with data sources.

The company has secured funds in a pre-Series A round led by a group of investors specialising in investments of high growth technology companies and Investiere. The capital will enable RAW Labs to accelerate the acquisition of large enterprise clients and continue investing in expanding the capabilities of its core NoDB data platform. 

In line with the new round, the company has also announced changes in its management and board of directors. Claude Honegger, the former global CIO of Credit Suisse and Pyrros Koussios, former private equity investor and senior executive at international technology companies, joined the board of directors.

New CEO

On the executive floor, Lars Farnstrom has taken his executive role as CEO of RAW Labs.“We are excited that Lars has accepted the CEO role. His long experience in enterprise software from companies like Siebel Systems and C3.ai is a tremendous asset and will enable us to take RAW Labs to the next level,” said Ariel Luedi, one of the founding investors RAW Labs and former CEO of SAP Hybris. Professor Anastasia Ailamaki, co-founder of RAW Labs, will continue as Chief Scientific Officer to strengthen the company’s research into groundbreaking data management technologies.

“It’s a privilege to have a group of sophisticated investors who have proven experience in helping technology companies scale,” said Lars Farnstrom, CEO of RAW Labs. “Data drives digital transformation. We believe that by eliminating the artificial barrier between operational and analytical data and enabling this in record time and without any expensive integrations, RAW Labs can help companies accelerate their digital transformation. Just connect your data sources and start asking questions that will help you unlock new insights on how to reduce costs or increase sales.”

(Press release / RAN)