Funds for Natural Language Analysis Firm PandasAI

Munich-based natural language querying specialist PandasAI has has raised more tha EUR 1m in pre-seed funding, which it will use to step up its recruitment activity, and continue development and promotion of its conversational AI Assistant.

PandasAI's software combines generative AI with a widely-used Python data analysis library called pandas, allowing users to ask questions in natural language and generate graphs and charts. The firm says existing AI analytics releases have focused on turning natural language into SQL prompts, and are therefore no use to companies with their data in other formats, whether NoSQL databases, corporate customer data systems or third-party APIs.

The company, an open-source project under MIT licence, says it is also looking into possible integrations with language models including LLama 2, and is also developing its own analysis focused model, BambooLLM.

The new funding comes from Luxembourg-based Runa Capital; London's Episode1; and Vento, the Italian chapter of Exor Ventures.

PandasAI founder Gabriele Venturi says the firm's vision is 'to render data analysis accessible, enabling decision-makers to swiftly and effectively make data-driven decisions'. He adds: We are building an AI assistant that won't only use data to answer questions, but will also help users to clarify their original ask, when needed, to ask the right questions. Companies will be able to deploy it in their private environments and generate insights related to their specific organization'.

Web site: www.pandas-ai.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.