Visiology raises $2.38M in crowdfunding to expand its BI platform
What's the deal? Russian business intelligence (BI) developer VisiologyDealroom has a profile for this one. Try Dealroom → has closed a crowdfunding round of US$3.01M (≈$2.38 million), a company representative told Vedomosti . The round drew 342 investors, with an average cheque of US$8.79K.
What's the endgame? Visiology builds a corporate BI platform for collecting, processing, and visualising data and building management reports. It plans to put the capital toward developing the platform and its AI functionality, expanding its product ecosystem, and scaling the business.
By the numbers: The company closed the first half of the year with revenue of US$6.88M, above the US$5.41M it had budgeted for the period.
Why now? Visiology ties its next growth stage to enlarging its client base and developing new corporate use cases for its BI and AI tools. It earns money from selling and renewing licences, technical support, and consulting and training services.
The signal: The round shows appetite among retail investors for Russian enterprise software, as local developers push to fold AI features into established BI products.
Read more: vedomosti.ru
Image credit: CTSI-Global
