Delphai, a Berlin-based AI data provider, has secured €4.7 million in funding, including a €900k grant from the German government. The investment aims to support Delphai’s AI models designed to understand the global business landscape.
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Who are Delphai?
Delphai operates in the firmographic data market, valued at €87 billion in 2022 and expected to reach €224 billion by 2030. The company aims to address the challenge of unreliable and outdated information about market players, which can lead to poor decision-making and financial losses.
By leveraging an API-first approach, Delphai provides access to reliable firmographic data on millions of businesses worldwide. Their solutions benefit data teams, global consultancies, M&A departments, and digital sales and CRM teams, saving time and ensuring high-quality and up-to-date data.
Founded in 2020, Delphai stands out among traditional firmographic data providers by utilizing AI for data acquisition and generation at scale. The company’s growth in 2022 includes a 100% increase in recurring revenue and a 5.5x growth in customers. Delphai serves prominent clients such as global consultancies, strategy and M&A departments, and blue chip companies, thanks to its granular data, data enhancement capabilities, and bespoke AI models.
Delphai’s focus on cutting-edge AI and natural language processing automation sets it apart in the market, distinguishing it from competitors relying on government registries or human click workers.
Raising funds
Newion, Airbridge Equity Partners, Hyle Ventures, and Trafo Investment/Millennium Venture Capital AG participated in the funding round. Securing this round of funding is a testament to our unwavering commitment to revolutionise the way businesses make decisions
The funding enables Delphai to harness the power of AI and process large volumes of data, empowering companies to thrive in a competitive landscape.
Dr. Robin Tech, co-founder and CEO of Delphai.
Using AI, Delphai ingests vast amounts of data from websites, press releases, job postings, and other sources to create a comprehensive and highly accurate database of company information. With over 20 billion data points and exceptional refresh rates, Delphai positions itself as a leader in firmographic intelligence.
Rick van Boekel, Partner at Airbridge Equity Partners, commended Delphai’s API-first approach and reliable firmographic data solutions, acknowledging their potential to transform decision-making processes.
With its recent funding success, Delphai is well-positioned to advance the field of firmographic intelligence and deliver innovative solutions for businesses seeking accurate and actionable insights.
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Information on user behaviours and data continue to drive innovation and bottom line for companies that invest into solutions aimed at understanding their users better. If you are looking to build your next data/software team, you can talk to our team at PL Talents today.