Wobby funding news – Antwerp-based Wobby Secures €1.1 Million in Seed Funding
Oct 30, 2024 | By Kailee Rainse
Wobby, an AI-powered information platform, has secured €1.1 million in seed funding from Shaping Impact Group's SI3 fund, V-Ventures, and imec.istart. This investment will help the founders in Antwerp expand into new European markets and start their first sales in the United States.
SUMMARY
- Wobby, an AI-powered information platform, has secured €1.1 million in seed funding.
- Wobby is transforming how professionals work with data. Its all-in-one platform makes it easy to find public data and connect it to your own.
Founded in 2023 by former investigative journalist Amra Dorjbayar (CEO) and Nathan Tetroashvili (CTO), it collects and analyzes data using AI to help knowledge workers make quick, informed decisions. They both previously worked on the fact-checking platform deCheckers and are continuing their mission to combat misinformation with Wobby.
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Amra Dorjbayar said, “Knowledge workers today face an overload of information and tools, making it increasingly difficult to find credible sources and organize their work effectively, While many AI tools speed up information gathering and content creation, they also introduce additional complexity. Wobby aims to resolve this by combining all essential knowledge functions in a single platform, allowing users to access reliable insights quickly and translate them into action.”
It provides context to rapidly spreading information by using AI to gather and analyze data. It minimizes routine tasks enabling knowledge workers to create content more accurately and efficiently while maintaining transparency throughout the process.
Nathan Tetroashvili said, “Our platform is valuable across various sectors, from journalists to researchers and business analysts, With this new funding round, we can accelerate our marketing efforts in Europe and begin our first commercial steps in the U.S. By the end of next year, we’re aiming for a revenue of two million dollars.”
Selim Vanbecelaere, Partner at Shaping Impact Group said, “We strongly believe in Wobby’s ability to make data-driven decisions accessible to all. Their AI platform supports not only journalists but also policymakers and professionals, The Wobby team is full of energy, and we’re thrilled to support them in their growth. Wobby’s mission and passion for countering polarization align perfectly with the values of our SI3 fund.”
Lot Carlier, Managing Director at V-Ventures said, “We’re extremely pleased to continue our partnership with Wobby, Their growth exceeds our expectations every day. Their innovative approach and impressive progress confirm our confidence in their potential to shape the future of knowledge work.”
About Wobby
Wobby is transforming how professionals work with data. Its all-in-one platform makes it easy to find public data and connect it to your own. Users can interact with the data to create visualizations and reports, simplifying the process of turning complex information into actionable insights.