– SWITZERLAND, Lausanne – RAW Labs, today announced the completion of a USD 5.5M pre-A funding round led by a group of investors specializing in investments of high growth technology companies and Investiere.ch.
Concurrent with the financing, Claude Honegger, former global CIO of Credit Suisse, and Pyrros Koussios, former private equity investor and senior executive at international technology companies are joining the board of directors.
The company also announced Lars Farnstrom as its new CEO, succeeding Professor Anastasia Ailamaki, co-founder of RAW Labs, who will continue as CSO with the mission to strengthen the research into groundbreaking data management technologies.
“We are excited that Lars has accepted the CEO role. His long experience in enterprise software from companies like Siebel Systems and C3.ai is a tremendous asset and will enable us to take RAW Labs to the next level,” said Ariel Luedi, one of the founding investors of RAW Labs and former CEO of SAP Hybris.
The funding will enable RAW Labs to accelerate the acquisition of large enterprise clients and continue investing in the expansion of the capabilities of its core NoDB data platform, as well as to support the surge in demand for its revolutionary data management solution.
“It’s a privilege to have a group of sophisticated investors who have proven experience in helping technology companies scale,” said incoming CEO, Lars Farnstrom. “Data drives digital transformation. We believe that by eliminating the artificial barrier between operational and analytical data, and by enabling this in record time and without any expensive integrations, RAW Labs can help companies accelerate their digital transformation. Just connect your data sources and start asking questions that will help you unlock new insights on how to reduce costs or increase sales.”
About RAW Labs
RAW Labs, an École Polytechnique Fédérale de Lausanne (EPFL) spinout, helps companies unlock the value of data by providing a single unified platform to effortlessly access and convert any data source into data products for new insights and better decision making, at a fraction of the time and cost of traditional solutions. RAW is available on-premise, in the cloud, or hybrid mode.
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