Berlin-based Cloudsquid has raised nearly €1 million in pre-seed funding to revolutionize document processing with AI-driven data extraction tools. This funding will drive Cloudsquid’s mission to simplify unstructured data processing for businesses across Europe.
- Funding Round: Raised close to €1 million in pre-seed funding, led by High-Tech Gründerfonds and Backbone Ventures, with angel investors Reetu Kainulainen (Ultimate AI) and Udi Miron (VP at Ultimate AI).
- Mission: Cloudsquid, founded in 2023, aims to tackle the challenges of unstructured data extraction, helping technical teams streamline data integration with AI.
- Leadership: Co-founders Filip Rejmus, Sangwoo Bae, and Mike McCarthy bring experience from Taktile, Uber, AWS, and Kubermatic, bringing unique insights into data challenges and AI.
- Investor Support: Björn Sykora of HTGF lauds Cloudsquid’s team and their transformative approach to unstructured data, seeing it as a game-changer for multiple industries.
With its recent funding, Cloudsquid is set to expand its engineering team and bring its powerful AI platform to even more clients, enabling companies across Europe to unlock the value of their data.
