Investment News

Datapad Raises Over $500K to Transform Analytics with AI-Powered Agents

Written by

Lotte Geldermans

Published on

December 5, 2024
Co-founders of Datapad
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Based in Istanbul, Datapad revolutionizes the way businesses approach data analytics. The startup has developed autonomous AI Analyst Agents designed to replace traditional dashboards with real-time KPI monitoring and actionable insights. The funding round was led by Belgian venture capital firm Pitchdrive, with participation from e2vc, Startup Istanbul, and several angel investors.

Cem Ruso, who previously led Blutv to an acquisition by Time Warner, and Orkun Soylu, a former executive at Insider, co-founded Datapad. Their combined experience revealed a common pain point: traditional analytics tools are overly complex and fail to foster truly data-driven cultures within organizations.

“Data is rapidly growing in size and complexity, making it incredibly tough, expensive, and time-consuming for an average business to build Business Analytics capabilities,” said Ruso. “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.”

Datapad supercharges human data analysts and decision-makers. Imagine you’re the CEO of a startup: you’ll be able to ask ad-hoc questions but also task the assistant to prepare scheduled periodic analyses for certain topics. The assistant will have a superhuman memory of all company historicals and will factor in external real-time context such as local holidays, competitor events, and industry benchmarks.

“The new breed of productivity software is becoming increasingly conversational,” Soylu added. “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.”

Although Datapad users interact with just one chat, in the background there is a huge AI **team** of marketing, SEO, conversion rate optimization, and business strategy expert agents that work together to build the best analyses possible. Essentially, the core value surpasses data analysis and enters the realm of strategic recommendations.

Ruso emphasizes: “There’s a tectonic shift happening with analytics, and we foresee that more than 70% of all analytics content will be AI-driven in the next couple of years. With this new funding, we strongly believe that we will be the key driver of this transformation.”

Datapad shows its international ambitions with this VC round while growing its 100+ customer database from all around the world.

“Cem and Orkun impressed us with their skills in building products people love. They found a very clear problem and turned the commodity that is AI today into an out-of-the-box solution. We can’t wait to see how Datapad will turn company analytics as we know it completely upside down.” - Koen, General Partner at Pitchdrive

Their public beta is now open, sign up through their website.

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