No-code AI platform Noogata secured $16 Million in Series A Funding

Noogata, a New York-based provider of no-code AI solutions, has recently secured $16 million in a Series A funding round.

Noogata was founded by Assaf Egozi. The AI startup offers a no-code AI platform for business users who need to turn their data into actionable insights quickly and easily to drive opportunities, profit, and growth. It is, as of now, used by a range of blue-chip companies to drive sales and scale AI across their organizations.

Assaf Egozi, CEO and co-founder of Noogata, said, "Since launching the Noogata platform in March 2021, we have consistently demonstrated strong market fit, have seen 400% growth in annual recurring revenue (ARR), and have been growing our customer base rapidly – from Fortune 500 enterprises to smaller consumer brands. The new investment will allow us to accelerate the expansion of our platform to new use cases and sectors – empowering any business user in any organization to leverage easy-to-understand and actionable data to answer their specific business questions."

Eyal Rabinovich, Venture Capital Investor at Eight Roads, said, "AI is one of the most powerful technologies set to reshape the business landscape in the coming years. AI has had a profound impact on many industries, but to date, it has mostly been relegated to R&D and more technical functions within companies, leaving other valuable business units underserved. Noogata’s first-of-its-kind platform allows any business user quick and easy access to the exact insights that they need for informed decision-making. With Noogata, users can leverage AI with just a click of a button, resulting in impressive growth for market leaders and lightning traction in supporting the scaling of AI for many organizations."

The round, which made the total funding secured to $28 million, with the seed investment made by the Inference Partners and Team8, was backed by the Eight Roads, with participation from Allon Ventures.

The new funds will be used to support the Noogata’s expansion goals in the US and research and development (R&D) operations in Israel.

In the coming few years, the company will also grow its sales, product development, and marketing teams to continue to bring its platform to the next level.