10 data mining startups funded in 2022

December 18, 2022

data mining

Data mining is a trend most large companies try to jump on, while startups are driving innovation and new product development around the globe - from Palo Alto to Hong Kong.

The global market for data mining tools is projected to grow at a compound annual rate of 13.2% and reached a size of USD 764.3 million in 2021.

We have compiled a list of 10 fast-growing data mining startups that have received significant funding from top venture capital firms in 2022. 

These companies are poised for growth in the data mining industry and are worth keeping an eye on.

1. Dayta AI

Headquarters: Sha Tin, New Territories, Hong Kong

Founders: Alex Chu, Eugene Ho, Patrick Tu

Year founded: 2018

Latest funding: $1,800,000 (Seed)

Total funding: $1,800,000

Investors: EC Healthcare, Particle Accelerator Limited (ParticleX), Enterprise Singapore, Grosvenor Group, ROBO Global

What they do: Dayta is a software company which develops retail analytics SaaS solutions for brick-and-mortar retailers through cloud computing, machine learning and big data. Their product, Cyclops, is a cloud-based AI solution powered by Machine Learning, that can leverage on any RTSP-connected camera to acquire, evaluate and interpret real-time data.

2. Freshpaint

Headquarters: San Francisco, California, United States

Founders: Michael Malis, Steven Fitzsimmons

Year founded: 2019

Latest funding: $9,500,000 (Series A)

Total funding: $14,650,000

Investors: Y Combinator, Pioneer Fund, Intel Capital, BT Growth Capital

What they do: Freshpaint is a data platform that develops software that facilitates marketing by collecting customer data. It connects the customer data from the site or app to marketing and analytics tools. It also automates tedious work so engineering can focus on the product. Freshpaint is capable of integrating marketing and analytics tools with one click. The platform helps product, data, and growth teams set up the customer behavioral data they need to build a better product, drive engagement, and improve retention. 

3. Particl

Headquarters: Salt Lake City, Utah, United States

Founders: Andrew Kenney, Dave Smiley, Josh Wilson

Year founded: 2020

Latest funding: $8,500,000 (Series A)

Total funding: $13,500,000

Investors: GTMFund, Album VC, Peterson Ventures, University Growth Fund, RevRoad

What they do: Particl is building the competitor insights platform designed for e-commerce.

4. Planck

Headquarters: New York, New York, United States

Founders: Amir Cohen, David Schapiro, Elad Tsur, Elad Tsur

Year founded: 2016

Latest funding: $23,000,000 (Venture - Series Unknown)

Total funding: $71,000,000

Investors: Team8, Arbor Ventures, Eight Roads Ventures, Nationwide Ventures, Nationwide

What they do: Planck is a commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Its technology platform aggregates and mines massive datasets, using artificial intelligence to automatically generate and deliver key insights, customized to the commercial underwriting process. Its platform brings automation and intelligence to the underwriting process.

5. Microshare

Headquarters: Philadelphia, Pennsylvania, United States

Founders: Charles Paumelle, Ronald Rock, Tim Panagos

Year founded: 2013

Latest funding: $18,089,901 (Venture - Series Unknown)

Total funding: $36,697,978

Investors: Semtech, Kerlink, Motley Fool Ventures, Endeavour Ventures, ic@3401

What they do: Microshare provides turnkey Smart Facilities data solutions at scale that bring safety, wellness, cost savings, and sustainability to clients' vital assets. Their Sensing-as-a-Service model and global reseller network helped our clients get back to business quickly, safely, and cost-efficiently in 2020, all while shedding new light on the true performance and utility of their real estate holdings to prepare them for success in the post-pandemic future. Microshare is a member of the LoRa Alliance and a key provider of LoRaWAN solutions for Microsoft Azure.

6. Growth Tribe

Headquarters: Amsterdam, Noord-Holland, The Netherlands

Founders: David Arnoux, Kees van Nunen, Peter van Sabben, Pia Ella Elmegård, Quentin Lacointa

Year founded: 2015

Latest funding: $2,843,487 (Series A)

Total funding: $12,120,588

Investors: Rinkelberg Capital

What they do: Growth Tribe is a digital learning partner for both individuals & organisations, specialising in Growth, Digital Marketing, Data, UX Design & Digital Leadership. They help learners and partners acquire the most in-demand digital capabilities through actionable, hands-on and enjoyable courses & learning programs.

7. Scopio

Headquarters: Los Angeles, California, United States

Founders: Christina Hawatmeh, Manoj Pooleery, Nour Chamoun

Year founded: 2017

Latest funding: $50,000,000 (Venture - Series Unknown)

Total funding: $50,050,000

Investors: OurCrowd, Gaingels, Lightspeed Venture Partners, Mizrahi Tefahot Bank, Arch Grants

What they do: Scopio is an Online Community connecting photographers and visual artists to each other and to potential customers building the world's largest source of visual talent. Talented diverse artists from 190 countries have built profiles on Scopio, where they sell their images, tell their stories, and get hired for their talent.

8. Quant Data & Analytics

Headquarters: Riyadh, Ar Riyad, Saudi Arabia

Founders: Ahmed Bukhamseen, Tareq Abdeljalil

Year founded: 2015

Latest funding: $8,000,000 (Series A)

Total funding: $19,200,000

Investors: VentureSouq, Angel Investor, SEEDRA Ventures, Raed Ventures, Steven Tannock

What they do: As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide services such as Data Analytics, Business Intelligence, Artificial intelligence, Machine Learning, Data Quality Management, and Analytics Training, Predictive Analytics, as well as AI & BI SaaS products. 

9. Tattle

Headquarters: New York, New York, United States

Founders: Alex Beltrani, Alex Pavone, Jeremy Zaborowski

Year founded: 2015

Latest funding: $5,500,000 (Series A)

Total funding: $10,750,875

Investors: The Fund, Contour Venture Partners, New York Venture Partners, Alpine Meridian, Tom Colicchio

What they do: Tattle's Customer Experience Improvement (CXI) platform collects actionable data at every touch point of the customer journey. It helps users uncover and act on the opportunities that matter the most for increasing guest satisfaction, operational performance, and revenue.

10. GlassDollar

Headquarters: Berlin, Berlin, Germany

Founders: Fabian Dudek, Jan Hoekman

Year founded: 2019

Latest funding: $1,979,400 (Seed)

Total funding: $2,034,795

Investors: High-Tech Grunderfonds, APX, Hauer Ventures

What they do: GlassDollar makes the corporate startup sourcing process digital and scalable - their data engine produces insights from 20+ million startups globally.


This concludes our list of 10 data mining startups to watch out for in 2023. Their funding in 2022 will set them up for success to drive the industry forward in the coming years.

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