Nextdata, the provider of a data-mesh-native platform to build and share data products at scale, announced it has secured a total of $12 million in seed investment, enabling the company to advance the development of its proprietary data mesh technology and expand the hiring of critical talent across product, engineering, and go-to-market teams.
The investment round was led by Greycroft and Acrew Capital, with participation from additional investors and leading industry angels.
The promise of enterprise AI and analytics relies on the intentional sharing of high-quality data across teams, but traditional architectures make data inaccessible or outdated, according to the company. Nextdata CEO and Founder Zhamak Dehghani originated the concept of “data mesh” in 2018 to establish a framework for decentralizing data at scale responsibly.
“Right now, the hype around AI isn’t rooted in reality for enterprises—despite decades of progress in data management technology, trusted data still isn’t accessible enough to support the AI revolution,” said Dehghani. “Decentralized data is the future, and Nextdata is empowering organizations to take the leap to data mesh with a new user experience data developers urgently need. We’re building a team of rebel engineers, data visionaries and problem-solvers to lead the movement to responsibly unlock data for all.”
The funding will further serve to expand the company’s diverse, remote-first team to take Nextdata OS from proof-of-concept to market.
The core of Nextdata OS is a new unit of data value—the data product container—that unlocks peer-to-peer data sharing at scale without compromising governance, discovery, and quality. Data developers and domain teams can use Nextdata OS for end-to-end development and management of data product containers at scale, supporting AI and analytics use cases, according to the company.
Founded in 2022 to take data mesh from concept to reality, Nextdata is building a product—Nextdata OS—that removes the barriers to successfully implementing data mesh, focused closely on the domain data expert experience.
For more information about this news, visit http://nextdata.com.