Funds for Turkish AI Analysis Firm Datapad

In Istanbul, data integration and analytics firm Datapad has secured funding of more than $500k to continue development of its autonomous agent software, and expand its business.

Datapad's AI Analyst Agents are designed to replace traditional data analytics dashboards with proactive and constant KPI monitoring. Agents combine detailed knowledge of historical company information with real-time context such as local holidays, competitor events and industry benchmarks. Users can ask them to find answers to specific questions, or schedule them to produce periodic summaries for predefined topics. The solution is backed up by a 'huge' AI team of marketing, SEO, conversion rate optimization and business strategy expert agents working to optimise the analysis provided.

The firm was founded by former Cem Ruso (left), former CPO of streaming platform BluTV, which was sold to Time Warner; and Orkun Soylu, formerly a software engineer at customer engagement platform Insider.

The investment round was led was Belgian VC firm Pitchdrive, with additional participation from investors including e2vc and Startup Istanbul, as well as a number of angel investors.

'Data is rapidly growing in size and complexity' says Ruso, 'making it incredibly tough, expensive, and time-consuming for an average business to build business analytics capabilities. We believe we can streamline and automate a majority of this process with autonomous AI agents. We basically want to take your data and tell you what's working and what's not'. Soylu adds: 'The new breed of productivity software is becoming increasingly conversational. That's why we're focusing on building assistants that will be able to take a 'brief' and act on it on a periodic basis. A CEO will be able to give a 'task' to the agent and receive an in-depth analysis sent to their inbox a minute later'.

Web site: www.datapad.io .