mondagroup.com

About mondagroup.com

Monda operates as a business-to-business software-as-a-service (SaaS) company, providing a platform designed for data monetization. This platform enables businesses to package, market, and sell their proprietary data, effectively creating a new revenue stream from existing assets. The company serves the data-as-a-service (DaaS) market, with over 150 DaaS companies utilizing the platform to create more than 6,000 data products.

The company was founded in 2024 by Thani Shamsi and Richard Hoffmann, both of whom are described as serial entrepreneurs and veterans of the data industry. Their background includes experience working for commercial data providers, where they identified the complexities and technical barriers within the data industry. This experience led them to create Monda as a spin-off from Datarade, a large comparison platform for data providers, with the goal of simplifying data monetization. In September 2024, Monda announced a $5 million seed funding round led by Senovo and Acrobator Ventures, with participation from Techstars, to expand its US operations and platform development.

Monda's all-in-one platform is designed to be user-friendly, allowing business users to create data products and publish them on a custom data storefront or other data marketplaces with minimal clicks. The software handles the entire data business lifecycle, from creation and publishing to managing demand. It supports integrations with major cloud data marketplaces like Google Cloud, Databricks, and SAP. A key function of the platform is to make data AI-ready, addressing the increasing demand for high-quality datasets for training artificial intelligence models. This is achieved through a proprietary, egress-optimized cloud data architecture that helps reduce data infrastructure costs.