DataChat Closes $4M Seed Round

DataChat, Inc, a University of Wisconsin-Madison spinout with a sophisticated yet intuitive data analytics platform, today announced the closing of a $4 million seed funding round led by leading Silicon Valley venture capital firms WRVI Capital and Nepenthe Capital. Other participants included individual investors from Google and Palo Alto Networks.

DataChat's Conversational Intelligence (CI) platform helps business users obtain valuable insights from their data by simply chatting with the platform; no coding experience required. The company describes its mission as 'AI + BI = CI', which summarizes their approach to transform traditional business intelligence (BI) by using artificial intelligence (AI) to usher in the new paradigm of CI. With CI, business users can discover insights into their data themselves.