New Funds and CEO for Data Platform RAW Labs
February 15 2021
In Switzerland, unified data platform RAW Labs has completed a $5.5m pre-A round of funding, which will be used to expand the capabilities of its NoDB approach to data processing. Meanwhile the company has promoted Lars Farnstrom to the role of Chief Executive Officer.
Formed as a spin-out of the École Polytechnique Fédérale de Lausanne (EPFL), RAW Labs’ NoDB platform enables data scientists, engineers and analysts to query, clean and enhance various data sources in near real time. These sources can then be converted into data products for consumption by analytical tools, machine learning models and enterprise applications. NoDB’s query engine uses category theory, enabling RAW to query large and complex data sources without the need for time-consuming pre-processing or integration with data sources.
Farnstrom (pictured) joined in 2018 as Chief Commercial Officer, having previously worked for C3 as VP Sales, Northern Europe. Prior to this he was EMEA Sales Director at GoodData and at InsideSales.com, having earlier worked for C9 (acquired by InsideSales), Board International, Museeka, CAS (acquired by Accenture), and Siebel Systems. He takes over from co-founder Anastasia Ailamaki, who will continue in the position of Chief Scientific Officer.
The financing round was led by a group of investors specializing in investments in high growth technology companies. Farnstrom comments: ‘It’s a privilege to have a group of sophisticated investors who have proven experience in helping technology companies scale. We believe that by eliminating the artificial barrier between operational and analytical data, and by enabling this in record time and without any expensive integrations, RAW Labs can help companies accelerate their digital transformation’.
Web site: www.raw-labs.com .
