Nigerian data Science start-up, Voyance, raises $500,000 in pre-seed round, introduces two new products
Voyance, a Nigerian data science startup, has raised $500,000 in a pre-seed funding round that Beta led. Ventures with participation from Zedcrest Capital, HoaQ club, and Assembly Investors.
Fola Olatunji-David, founding partner of Kickoff Africa, and Nelly Chatue-Diop, the co-founder and CEO of Ejara, were among some angel investors who participated in the round.
Commenting on the round, Ovo Emorhokpor, General Partner at Beta. Ventures emphasized the importance of data to business processes “data has become one of the most important business assets in the modern era. The secret behind the widely loved Voyance product combines the duality of technical sophistication and consumer-grade experience. Beta. Ventures are delighted to partner with Voyance and lead this pre-seed round.”
Ebot Tabi, a data engineer, founded Voyance in 2019 to democratize access to data science by accelerating innovation for business, unifying data engineering, machine learning, and business processes.
Voyance simplifies data processes for businesses. It has also announced the introduction of two flagship products, namely Manhattan DB and Sigma.
Manhattan DB allows professionals who deal with data safely and easily store and analyze gigabytes and petabytes of data, build machine learning models, and deploy them with zero operational overhead. That is to say, with Manhattan DB, businesses will be able to manage their data infrastructure efficiently.
Sigma has evolved from being just a fraud monitoring platform that uses aggregated data from fintech within Africa to protect them from fraudsters to encompassing risk operations platform that The platform can use to address business problems such as transaction monitoring, compliance, and anti-money laundering. As a result, Sigma allows businesses to innovate and scale quickly without increased risk.
How Voyance intends to utilize the fund
Voyance disclosed that it would use the new funding to improve its product offering by expanding its Data+AI to support more data sources, develop new API verticals, advanced transformations functions, ML automation, and advanced analytics, as well as launch its RiskOps API infrastructure to simplify and enable businesses to innovate and reduce risks while growing Partner with key partners like WoodCore and others.