Data Platform Savant Gets $18.5m Series A

In San Mateo, California, data management and analytics automation platform Savant Labs has raised $18.5m in a Series A round of financing, for use in expanding its AI platform and scaling its go-to-market teams.

Savant's 'Agentic AI platform' allows clients to access, prepare and analyze business data to support day-to-day decisions, automate tasks, and collaborate securely across the firm without the need for coding skills. Data is delivered via a variety of dashboards and applications, and the platform aims to replace manual reporting tasks previously conducted in spreadsheets.

The round, which adds to $11m raised in 2023, was led by Dell Technologies Capital (DTC), with participation from Vertex Ventures, Cota Capital, Village Global, Bloomberg Beta, West Wave Capital, and Uncorrelated Ventures.

Chitrang Shah (pictured), CEO and founder of the company states: 'Most analysts are forward-thinking and highly agile, yet they are provided a range of tools that cannot keep up with modern data needs. Savant enables analysts to work faster and more securely, reduce reliance on data engineers, and automate repetitive tasks so businesses can act on insights in real time'.

The firm was founded in 2021 and is online at www.savantlabs.io .