The total volume of VC deals has been continuously falling since early 2022 - despite the Generative AI hype.

Recent PitchBook data reveals a notable drop in VC deals, with 7,434 deals recorded in Q3 2023, down from the 9,563 deals in the previous quarter. This is why we want to take the time to celebrate startups in the data and analytics world who raised capital in September and October, in defiance of the ongoing downturn.

At Paradime, we are big believers in “startups supporting startups” and we recognise that the collective progress in our space serves to benefit us all. Let's continue pushing the needle and keep on innovating, data & analytics folks!

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Databricks, $500M, Series I

• Capital from T. Rowe Price, Morgan Stanley, Fidelity, Franklin Templeton, Capital One Ventures, and Nvidia.
• A cloud-based data engineering tool used for processing and transforming massive quantities of data and exploring the data through machine learning models. A big congrats on the recent $100m acquisition of Arcion as well.
• https://www.databricks.com/

Denodo Technologies, $336M, Series B

• Capital raised from TPG Growth’s middle market and growth equity platform.
• Data management that embraces distributed data across on-premises, hybrid, and multi-cloud environments. It uses a logical/semantic-model approach to integrating and managing data and it leverages AI to simplify and automate manual tasks.
• https://www.denodo.com/

MotherDuck, $52.5M, Series B

• Led by Felicis with participation from a16z, Madrona, Amplify Partners, Altimeter, Redpoint and Zero Prime.
• A serverless DuckDB in the cloud with managed storage, data sharing, interactive SQL IDE, and a growing number of features. It's described as a collaborative analytics platform allowing hybrid execution between data stored in the cloud. Read more about the MotherDuck and Paradime team-up HERE 🎉
• https://motherduck.com/

TileDB, $34M, Series B

• Led by AlleyCorp, with participation from Two Bear Capital, Nexus Venture Partners, Big Pi Ventures, Intel Capital, Verizon Ventures, S Ventures, LDV Partners, and others.
• A universal database (or universal data platform), which aims at unifying all types of data and associated code, along with the often complex infrastructure surrounding those assets, into a single solution.
• https://tiledb.com/

Alcion, $21M, Series A

• Led by data backup and replication tech developer Veeam, with participation from Lip-Bu Tan (chairman of Walden International and Intel board member), Debanjan Saha, (DataRobot CEO), Abhinav Asthana (founder and CEO of Postman), and Amarjit Gill (investor at Nepenthe Capital).
• Data protection and data backup-as-a-service technology with data resiliency capabilities that protect data from loss or disaster and provides ransomware protection.
• https://www.alcion.ai/

Keen to hear about how the Paradime team is constantly pushing boundaries and building the most user-centric, feature-complete analytics development experience on the market? Of course you are, so get in-touch!