Voyance, a data science company, announced that it has raised $500,000 in a pre-seed funding round to “continue building out what Databricks+Datarobot would look like for Africa.”
Launched in 2019 by Ebot Tabi, Voyance is a data science company that simplifies data processes for businesses. Its mission is to democratize access to data science by accelerating innovation for business, by unifying data engineering, machine learning, and business processes.
The $500,000 pre-seed round was led by Beta.Ventures with participation from other investors like Zedcrest Capital, HoaQ club, a community of creators and operators. Individual investors involved include Fola Olatunji-David, the founding partner of Kickoff Africa, Chidinma Iwueke, a principal at QED Investors, Seni Sulyman, the founder of Black Ops, and Nelly Chatue-Diop, the co-founder and CEO of Ejara.
The company also announced the launch of two new products – Manhattan DB and Sigma.
Manhattan DB provides efficient, scalable and fully managed data infrastructure to businesses. Data analysts, data scientists, data engineers, machine learning engineers can use Manhattan DB to safely and easily store and analyse gigabytes and petabytes of data, build machine learning models and deploy with zero operational overhead.
Sigma is a risk operations platform that can be used to address business problems such as transaction monitoring, compliance and anti-money laundering. Sigma allows businesses to innovate and scale quickly without increased risk.
According to Voyance in a blog post, it intends to achieve the following with the funds:
- Continue its product efforts to expand our Data+AI to support more data sources, advanced transformations functions, ML automations and advanced analytics
- Launch its RiskOps API infrastructure to simplify and enable businesses innovate and reduce risks while growing
- Partner with key partners like WoodCore and others
- Develop new API verticals
Ovo Emorhokpor, General Partner at Beta.Ventures, said: “Data has become one of the most important business assets in the modern era. Voyance is building critical infrastructure to enable small and large businesses to turn their raw data into advanced analytics and design machine learning models to make insightful business predictions”.
The secret behind the widely loved Voyance product combines the duality of technical sophistication and consumer-grade experience. Beta.Ventures is delighted to partner with Voyance and lead this pre-seed round, Ovo Emorhokpor added.