Versori, a UK-based tech startup, gets $3.5M in funding to grow its AI-powered data infrastructure platform
Handling data manually is a tedious and demanding process that involves a lot of labor, and resources, and carries a high risk of errors. It can also be quite costly. This applies not only to transforming data but also to general data management tasks. Regardless of whether you’re dealing with a large volume of data or facing various incompatible data formats, it’s more efficient to allocate your time and efforts elsewhere.
To overcome these challenges, it becomes crucial to utilize data integration tools that offer precise and accurate solutions. These tools can benefit not only individuals who are less tech-savvy but also senior developers and CTOs, allowing them to concentrate on their core responsibilities and tasks. That’s why one tech startup is on a mission to help users transform data with pinpoint accuracy.
Enter Versori, a UK-based tech startup and a provider of an AI-powered data infrastructure platform that helps integrate, automate, and visualize data so that users can focus on their jobs.
Today, Versori announced it has raised $3.5 million in funding to grow its flagship product, Switchboard, an innovative any-to-any system integration and workflow automation platform, to new heights. The round was led by Stage 2 Capital, with participation from notable angel investors including Cindy Bi of Capital X and Jamie Su, among others.
Switchboard is an AI-powered tool for schema building, data transformations, and data mappings. It has already garnered attention as the backbone behind integrations for prominent companies such as Sephora, Frasers Group, and ASOS.
Versori was founded by Sean Brown, a tech entrepreneur who built and sold multiple tech businesses at the age of 33. A TED speaker and Y Combinator Alumni, Sean has exited multiple tech and AI startups all serving the enterprise market. With the latest developments in AI, Sean can talk openly about the impact that it can have on businesses, e-commerce, and also a number of job roles that are at risk as AI replaces sentience.
In an email, Versori told TechStartups that the majority of the funding will be allocated towards strengthening its product development endeavors, particularly in the areas of integration and visualization tools within its data infrastructure platform. By focusing on these aspects, Versori aims to enhance its offerings and provide more comprehensive solutions to an extended customer base. Additionally, the company intends to expand its go-to-market team by strategically hiring new talent, enabling them to effectively reach and serve a broader range of customers.
“We are thrilled to secure this significant investment, which underscores the immense potential of Versori’s data infrastructure platform,” said Sean Brown, Founder and CEO at Versori. “The funds will be instrumental in further enhancing our Integration and data visualization capabilities, allowing us to meet the complex data integration needs of modern enterprises across various industries.”
Versori Inc will initially focus on catering to system-led integration requirements, including ERP systems, e-commerce platforms, CRMs, and other critical systems. By providing seamless integration and automation solutions, Versori aims to empower businesses with improved data management, enhanced operational efficiency, and better decision-making capabilities.
This new funding further solidifies Versori’s position as a leading player in the data infrastructure market. With a rapidly growing customer base and a strong commitment to innovation, Versori is well-positioned to revolutionize how enterprises integrate and leverage their data.
“More than $350B is spent on complex data integration problems currently solved by consultancies and service providers. Versori’s Switchboard solution is making any-to-any system integrations possible with the incredibly fast time-to-value that the market needs. We’re so excited to back the Versori team to help customers solve the most complex of data integration challenges” says Jay Po, Co-founder and Managing Partner at Stage 2.