Top 10 Data Analytics Startups in Europe 2024

In the present day digital world, the demand for data analytics startups is more evident and crucial than ever. Data analytics, the practice of obtaining meaningful insights from extensive and intricate data collection, performs a key function across industries and organisations globally. Data analytics startups assist organizations in making data driven decisions.

By processing data, they unveil patterns, trends, and forecasting insights that encourage businesses to improve operations, refine customer experiences, and even foresee upcoming market trends. The global necessity for data analytics startups is followed by the accelerated growth of data. In today's world of big data, organizations need to stay updated with all the information in order to lead the industry and maintain their competitive edge.

Data analytics startups in Europe have surfaced as substantial and stunning contributors to the global technology environment. With their novel strategies and heterogeneous viewpoints, they have upgraded the region's existence in the realm of data analytics. The territory's historical legacy and cultural variety inspire innovation, leading to revolutionary solutions that often close the discrepancy between established enterprises and contemporary solutions.

These startups are developing bridges between the educational sector and business organisations. They join forces with top tier research organizations, utilizing the current research outcomes to make advanced data analytics equipment. From medical care innovations to ecological sustainability, they are spearheading the harnessing of data analytics for the benefit of the society.

Best Data Analytics Startups in Europe 2024

Here is the list of the Top 10 Data Analytics Startups in Europe

Pennylane

• Place : Paris 

• Year : 2020

• Business model : B2B, SaaS 

• No. Of employees : 101 to 250

Pennylane is a European startup established in Paris, France in 2020. It provides services through B2B dealings and SaaS solutions. It currently employees 101 to 250 professionals who are immensely contributing to its growth and development. Data analytics startups like this in Europe are not just remarkable but also breathtaking due to their innovative ability, commitment to values, and dedication to both the technological and societal transformation in a dynamic world.

This European organisation is significantly contributing to the FinTech sector. It is backed by investors like DST Global, Global Founders Capital etc. With its efficient data analytics function it is established as a full stack financial management platform. 

Stability AI

• Place: London 

• Year : 2020

• Business model: B2B, SaaS 

• No. Of employees: 51 to 100

Stability AI, a European startup was founded in London, United Kingdom in 2020. This organisation believes in providing services through B2B partnerships and SaaS solutions. Startups like this assist in dealing with challenges related to data security and privacy, ensuring effective data usage. This organisation is widely known for acquiring $100 million funding in its seed stage.

This data analytics platform is specialised in AI driven Visual art presentation. This entity is aiming to develop the foundation to strengthen humanity's potential by maximizing the accessibility of contemporary AI to encourage creativity and innovation worldwide. It claims itself to be the world's pioneering open source generative AI platform. 

Isometric

• Place: London 

• Year : 2022

• Business model : B2B 

• No. Of employees : 11 to 50

With a strong presence in the city of London, Isometric, a data analytics startup originated in 2022. It delivers services through B2B partnerships. It consists of a small and efficient group of professionals ranging from 11 to 50. Startups are fleet and flexible. They can very quickly adjust with the rapidly changing technology arena, exploring with advanced tools and methodologies.

This data analytics platform has significantly contributed to the climate Tech and Green Tech sector by being highly committed as a carbon removal registry and being extremely dedicated to science. This startup helps the carbon removal industry to scale speedily and responsibly by assisting them in taking corrective decisions. 

Instadeep

• Place  : London 

• Year : 2014

• Business model : B2B, SaaS 

• No. Of employees : 101 to 250

Instadeep, a dynamic startup, based in London, UK and originated in 2014. It has quickly become a pioneer in the data analytics sector offering services using B2B and Saas situations. It has a sizable team of 101 to 250 experts. Startups like this provide innovative solutions to manage, store, and retrieve meaningful summary from the vast collection of data.

By effectively using data analytics this platform provides AI enabled decision making systems for industries, to deal with their complex industrial issues. This startup has currently secured $100 million in Series B funding. This platform specialises in business intelligence. It is also an expert in machine intelligence research and strong business deployments.

Ota insight

• Place : London 

• Year : 2012

• Business model: B2B, SaaS 

• No. Of employees : 101 to 250

Ota insight, a London based data analytics startup, emerged in 2012, exploiting the industry with a robust team of 101 to 250 dedicated professionals who are committed to a promising future. Europe's adherence to data security and ethical conduct is demonstrated in startups like this.

With its efficient data analytics function this European startup empowers effective revenue and distribution decisions and marketing results in fields like business intelligence, travel Tech, community and lifestyle. This organisation's only objective is to assist the hospitality sector in visualizing and harnessing data for business success and growth. It has been remarkably recognized for its dedication to specific industries. It has its presence in more than 180 countries. 

HR Path

• Place : Paris

• Year : 2001

• Business model : B2B, SaaS 

• No. Of employees : 251 to 500

HR Path, a European startup, first instituted in Paris, France. It has achieved tremendous recognition for its dedication in B2B partnerships and assisting organisations using SaaS solutions. It consists of a group of  individuals ranging from 251 to 500, who are experts in their respective fields. European data analytics companies like this  greatly prioritise efficient data management, alignment with GDPR (General Data Protection Regulation), and safeguarding the security and confidentiality of user data.

This platform is tremendously popular for its services as a Human resource management system. This organisation is backed by renowned investors. This platform is specialised in recording and maintaining vast amounts of data. By storing a hopping amount of data this platform makes the human resource functions easier and also encourages organisation's HR digital transformation. 

Kpler

• Place : Brussels, Belgium 

• Year : 2014

• Business model : B2B, SaaS 

• No. Of employees : 101 to 250

European startup Kpler was founded in Brussels, Belgium in 2014. Its workforce spans from 101 to 250 professionals, which showcases its commitment to dedication and growth. It provides services mostly through B2B partnerships and using SaaS solutions. European data analytics startups like these foster an indifferent infusion of innovation and tradition to enhance data protection and confidentiality.

It has recently secured $200 million in its funding round. This platform is a significant contributor to varieties of sectors like fintech, energy and nuclear, and business intelligence. This entity facilitates forward looking enterprises to plan, act and develop sustainably to a better future by leveraging real-time Data and insights. This platform is strictly updated, upgraded and robust. 

Cognite

• Place: Oslo, Norway 

• Year : 2016

• Business model: B2B, SaaS 

• No. Of employees: 501 to 1000

Cognite, a pioneer startup, emerged in Oslo, Norway in 2016 . This European organisation is contributing to the data analytics sector with a robust team of 501 to 1000 professionals, setting the stage for growth and success. It typically uses a B2B and SaaS model to deliver services. European data analytics startups like this have enabled multinational collaboration, unifying the continent in confronting global concerns.

This is recognized as an AI powered industrial IoT data platform. Recently it has secured $150 million in its Series B funding. It is backed by renowned investors like Accel. It believes in making data accessible and available at everyone's fingertips purposefully. It prioritises putting all the data together to enhance operational impact. It has crafted a system that helps enterprises to curate and monitor all industrial data. 

Huma

• Place: London 

• Year : 2011

• Business model: B2B, SaaS 

• No. Of employees: 101 to 250

Huma is a European startup founded in 2011 and based in London. It offers its services using a combination of B2B partnerships and SaaS solutions. It has a substantial workforce of 101 to 250 expert individuals. Data analytics startups like this are  required for businesses and organisations to uphold competitiveness, to retain productivity , and to maintain inventiveness in an breathtakingly data-driven scenario.

Huma is highly committed to the sectors like healthtech and business intelligence. It has secured $130 million in its series C funding round. This organisation is backed by efficient investors like Unilever Ventures and Samsung NEXT. It has specifically designed a digital health platform that is used for predictive care and research. For this purpose it uses the data analytics feature. 

Konux

• Place: Munich, Germany 

• Year : 2014

• Business model: B2B, SaaS 

• No. Of employees: 51 to 100

Konux is an emerging startup that was founded in 2014 and headquartered in Munich, Germany. This European startup consists of a workforce that spans from 51 to 100 professionals. It uses B2B partnerships and SaaS solutions to deliver tailored services.  Startups like these are leading in tackling several crucial demands in today's constantly changing digital landscape. This European organisation is associated with the mobility and transportation sector.

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This platform has designed software that uses advanced sensors and machine intelligence to effectively maintain railway switches. It is making advancement in railway operations for a sustainable tomorrow. In the railway sector this is recognized as the first AI enabled scale up. It is keenly associated with the railway infrastructure management system where it is useful in bringing next generation predictive maintenance facilities, network usage and traffic management along with developing solutions.

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Which are Top 10 Data Analytics Startups in Europe ?

Pennylane, Stability AI, Isometric, Instadeep, Ota insight, HR Path, Kpler, Cognite, Huma, Konux, these are Top 10 Data Analytics Startups in Europe.

Which is Most Popular Data Analytics Startups in Europe ?

Pennylane is most Popular Data Analytics Startups in Europe.