Montara, a provider of an AI-powered data development platform, raised $5.4 million in Seed funding.
Norwest Venture Partners led the investment round with participation from Borge Hald.
The company plans to utilize the funds to expand its market presence and enhance product development mainly in the U.S. markets.
Montara, based in Milpitas, California, and Tel Aviv, Israel, offers an AI-powered data development platform designed to help organizations create and deliver data products more efficiently. The platform integrates various tools and workflows, enabling data engineers, analysts, and other stakeholders to collaborate seamlessly within a single application.
Montara says its platform is utilized across various industries, including healthcare, gaming, and enterprise software, to streamline data development processes and improve collaboration among data teams.
For example, in the healthcare sector, the Montara platform integrates patient data from multiple sources, enabling users such as data analysts and engineers to work together more effectively. Ultimately, this collaboration can lead to the development of more accurate predictive models for patient outcomes, ultimately enhancing patient care.
In the official press announcement, Dror Nahumi, general partner at Norwest, said: “The ability to effectively conduct data development is critical to success in today’s world. Montara’s pioneering Unified Data Development Platform empowers organizations to deliver better data products and insights faster. With its strong and experienced leadership team, Montara is well-positioned to lead in this fast-growing category.”