DScribe raises 1.5 million euros to market its cloud data management solution to companies across Europe.
Just like the well-known Brussels growth company Collibra, dScribe helps its customers to collect data from across the company, streamline it and make it accessible to employees.
‘Collibra has a beautiful but rather complex product that is mainly aimed at large companies such as banks and multinationals. With our cloud software, we aim for medium-sized and large companies with a turnover of 50 million to several billion euros,’ says founder and CEO Pieter Delaere. ‘They are typically companies that have already invested in a data warehouse and BI tools (business intelligence, ed.)but who need a good solution to quickly find the right data and interpret it correctly.’
To the inevitable question of how AI affects his business, Delaere replies that the technology is more of a tool than a threat. ‘For example, we use ChatGPT technology to give the user a correct definition of certain terms that appear in their reporting, tailored to the sector in which the company operates.’
seed capital
The start-up was founded two years ago in the acceleration program of the ICT consultant delaware and was supported by imec.istart, the accelerator of the tech institute imec. Now dScribe is raising 1.5 million euros seed capital from the Flemish investment company PMV and from Angelwise, together with the existing shareholders imec.istart and Ventures by delaware. The capital round should help raise recurring annual turnover to more than 1 million euros.
The start-up wants to use the money for further expansion in Europe. The company already has customers in the Netherlands, France and Switzerland. In addition, Delaere aims to scale up self-service processes, where customers can sample the range for free for a month. It is a formula that has been successful in recent months.