Munich, Germany-based startup One Data, which provides AI-powered enterprise data management software, has raised an additional €32 million in Series B funding. The extension round was led by new investors Vsquared, Molten, and HV Capital, further bolstering the company’s mission to revolutionize the way businesses manage their data.

One Data’s platform uses AI and machine learning algorithms to help enterprises streamline their data management processes, making it easier to integrate, analyze, and make decisions from their vast amounts of data. The startup’s innovative approach has already resonated with a growing number of customers, including major players in the finance, healthcare, and retail sectors.

“We are thrilled to have secured this additional funding from such a strong group of investors,” said [Name], CEO of One Data. “This investment will enable us to further develop our technology and expand our reach into new markets, driving growth and helping more businesses transform the way they manage their data.”

The Series B extension brings the total amount raised by One Data to €60 million, following a €28 million Series B round in 2020. The funding will be used to accelerate the development of the company’s product suite, expand its sales and marketing efforts, and build strategic partnerships with key players in the industry.

“The data management landscape is undergoing a significant transformation, and One Data is poised to be a key player in this space,” said [Name], Partner at Vsquared. “We’re excited to join the journey and support the company’s mission to make data management more efficient, secure, and effective for businesses around the world.”

One Data’s AI-powered platform offers a range of features, including data integration, data governance, and data analytics, designed to help enterprises get the most value from their data. The company’s technology is designed to be highly scalable, allowing it to handle large volumes of data from multiple sources and systems.

The additional funding will also enable One Data to further expand its team, with a focus on hiring top talent in the areas of engineering, sales, and customer support. The company has already established a strong presence in Europe, with offices in Munich, Frankfurt, and Berlin, and plans to use the funding to expand its footprint in the US and Asia.

The investment from Vsquared, Molten, and HV Capital brings together a trio of experienced investors with a strong track record in the tech sector. Vsquared, a venture capital firm focused on investments in the digital economy, has previously backed companies such as Foodpanda and FlixBus. Molten, a corporate venture capital firm, has invested in companies such as ResearchGate and Joblift. HV Capital, a venture capital firm focused on investments in the tech and healthcare sectors, has backed companies such as Biozentrum and Nanoscribe.

With its latest funding round, One Data has demonstrated its ability to attract top-tier investors and build a strong foundation for growth. The company’s innovative approach to enterprise data management is poised to disrupt the status quo, and we can expect to see significant developments in the coming years.