Funding Obtained from Databricks and Euroventures
Datapao Secures Strategic Investment to Fuel AI Scalability and Upskilling
Datapao, a European data and AI consultancy founded in 2016 by Mate Gulyas, has announced a strategic investment from Databricks and Euroventures. This investment aims to help more companies transition from AI experimentation to scalable, production-ready AI.
According to Gulyas, the next wave of AI success depends on getting foundational elements right—modern infrastructure and skilled teams. This investment enhances Datapao's capacity to deliver on that promise, as it plans to use the funds to expand its consulting services, particularly targeting regulated industries where data handling and compliance are critical.
The investment will also accelerate Datapao's migration programs onto the Databricks platform, enabling enterprises to modernize their data platforms efficiently. Additionally, Datapao plans to launch a new wave of GenAI upskilling programs, aiming to train enterprise teams and build long-term capabilities to implement GenAI at scale.
Tom Howells, Partner at Euroventures, believes that Datapao, with its deep data platform expertise, strong management, and fast growth, is the best possible European professional services company to deliver these platforms to forward-looking companies. Kori O'Brien, Senior Vice President, Global Partners at Databricks, echoes this sentiment, stating that the investment from Databricks Ventures will empower Datapao to deliver value to customers faster.
Euroventures, which has been investing successfully in enterprise software and data solutions for many years, sees enterprise data platforms that productionize and make a reality of AI beyond the hype as the obvious next step. Datapao has been a trusted partner for many years, helping joint customers realize data modernization on the Databricks Data Intelligence Platform.
This investment from Databricks Ventures will also accelerate Datapao's speed to market, allowing it to help more companies move from AI experimentation to execution. By strengthening modern infrastructure, robust data pipelines, and developing capable internal teams, Datapao aims to help companies overcome challenges in scaling AI due to data, infrastructure, and skills gaps.
In conclusion, the strategic investment received by Datapao from Databricks and Euroventures will enable the company to expand its consulting services, accelerate migration programs, and introduce new GenAI upskilling initiatives, helping more companies to achieve scalable, production-ready AI.
[1] Datapao press release, 2023. [3] Euroventures press release, 2023.
Business growth and innovation in the realm of AI will be bolstered by Datapao's strategic investment in both technology and human resources, given the funds allocated for expanding AI consulting services and GenAI upskilling programs. This financial support from Databricks and Euroventures will also foster investing in modern infrastructure, aiming to bridge the data, infrastructure, and skills gaps inherent in many businesses.
