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Milan-based iGenius, a scale-up on a mission to reimagine data interaction for businesses, announced on Friday that it has raised €10M in a Series A+ round of funding.
This round brings the company’s total raised capital to €30M as it continues to execute its go-to-market roadmap, with new announcements expected later this year.
The investment was led by NovaCapital, with the participation of Blacksheep MadTech Fund.
iGenius says it will use the funds to expand its market reach and accelerate its sales and marketing efforts in Europe and the US.
Founded in 2016 by Uljan Sharka, iGenius is on a mission to reimagine data interaction for businesses.
With the help of Artificial Intelligence, the company creates products to simplify the relationship between people and data.
iGenius offers its AI platform with three core technologies:
- 1. Users can index all their data sources by leveraging plug-and-play connectors via the low-code no-code capabilities of the platform
- 2. Users and system integration partners can train the AI to serve specific augmented analytics use cases
- 3. iGenius can be accessed through natural-language-based applications across mobile, desktop, and embedded end-user experiences.
By introducing a conversational paradigm as the end-user interface of business data, iGenius aims to expand the usage of analytics beyond the data-skilled, opening access to 100 percent of the total addressable users.
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