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Fluent has raised $7.5 million in venture money to revolutionize business analytics.

March 07, 2024
3 Min Reads

With the achievement of its most recent financial milestone, Fluent, an AI-powered data analytics company, is poised to revolutionize the business intelligence industry.

The startup, which specializes in enabling non-technical team members to understand data analysis, recently announced the successful closing of a $7.5 million seed financing round. Leading investors Hoxton Ventures and Tiferes Ventures are leading this sizeable funding infusion, which marks a critical advancement in Fluent's goal of providing decision-makers with real-time insights.

 

Fundamentally, Fluent transforms how companies engage with their data. The platform uses a state-of-the-art AI-powered data analyst that enables users to query their data in simple English and provides quick and accurate insights. This invention frees data teams from the tedious work of answering sporadic requests for data, allowing them to concentrate on strategic research that leads to game-changing business results.

 

The new funding will support Fluent's plans to grow its innovative technology and expand its European staff of AI and machine learning experts. Fluent's natural language interface has the potential to be revolutionary, as CEO Robert Van Den Bergh emphasizes, pointing out that "a data team's time is spent answering questions from across their business on average." Fluent hopes to enable self-service data inquiries so that all team members, regardless of technical proficiency, can participate in data-driven decision-making.

 

The impressive list of clients for Fluent, which includes industry titans like Bain & Company, demonstrates the platform's capacity to democratize data access. Fluent has been praised by partners at Bain for making it possible for non-technical users to reliably and effectively extract insights from complicated information. Parallel to this, Fluent's CTO Cameron Whitehead emphasizes the shortcomings of conventional business intelligence tools and underscores Fluent's dedication to meeting the demands of non-expert users.


The investment comes at a time when businesses are eager to use AI solutions, such as OpenAI's ChatGPT, to increase productivity. Fluent bridges the gap in the market with its dependable and user-friendly platform, catering to the growing need for enterprise-ready solutions that combine scalability and reliability.

 

Investors that have voiced enthusiasm for Fluent's mission include Clark Valberg of Tiferes Ventures and Charles Seely of Hoxton Ventures. Seely highlights the critical necessity for Fluent's novel approach to data analysis, while Valberg predicts that Fluent's technology will usher in a new era of collaborative intelligence.


The future is bright for the AI data analytics company Fluent as it aims to grow both its staff and its technological capabilities. Influential investors support Fluent's unique offering, which has the potential to completely transform how businesses interact with data and make intelligent decision-making more accessible than ever.

 

Robert Van Den Bergh, CEO of Fluent, stated: "A data team's time is typically spent responding to inquiries from around the company. Many of these queries are simple for the data team to respond to, but doing so diverts them from the more in-depth, strategically oriented study that has the potential to completely change their company. We are enabling team members to self-serve with their data inquiries by utilizing Fluent's natural language interface.

 

"In a data-driven world, the current approach to data analysis is selling businesses short, creating permanent bottlenecks in their organizations that slow down and hamper decision-making," stated Charles Seely, partner at Hoxton Ventures. We are thrilled to join Fluent in their endeavor to transform the way organizations engage with data because their approach is not just novel but also desperately needed.

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