Data management startup Delman secures US$1.6M seed funding from Intudo Ventures, others
Founded by ex-Google and Splunk executives, Indonesian data management startup Delman has secured US$1.6 million in a seed funding round led by Indonesia-focussed VC firm Intudo Ventures, according to a press statement.
Other backers who participated in the round include early stage tech startup investor Prasetia Dwidharma Ventures and smart cities company Qlue Performa Indonesia.
The company has said that will use the newly raised capital to establish an R&D centre in Surabaya and make fresh hires, specifically earmarking Indonesians who are currently working as data scientists in Silicon Valley.
Delman is a big data management and analytics, providing startup that leverages in-house developed solutions to simplify, validate, and automate the data management process to help businesses make more accurate business insights.
According to the co-founder of the company, Surya Halim, an average company in Indonesia sends 70 per cent of its time and around US$200,000 on cleaning enterprise data. This creates inefficiency in both cost and process.
“The most typical data quality-related issues in Indonesia have been related to unstructured or unmatched data, either traditionally managed or handled by inexperienced teams,” Halim added.
The two-year-old startup claimed to be able to expedite data integration and management from multiple sources up to 30 times faster, using artificial intelligence and machine learning for data cleansing and warehousing.