News Summary

Savant Labs, an AI-powered analytics automation platform founded in 2021, has successfully raised $18.5 million in a Series A funding round led by Dell Technologies Capital, with participation from Vertex Ventures, Cota Capital, Village Global, Bloomberg Beta, West Wave Capital, and Uncorrelated Ventures. The platform is designed to facilitate business analysts in accessing, preparing, and managing data efficiently, offering a modern alternative to legacy platforms like Alteryx. Savant Labs features a no-code, generative AI-powered interface that centralizes data management and enhances analytics capabilities for users across various business functions. It allows analysts to perform data transformations using standard Excel formulas and a spreadsheet-centric interface, addressing the gap between the demand and supply of analytics. Savant Labs targets large enterprises with over 1,000 employees, including numerous Fortune 500 companies across industries such as healthcare, energy, and insurance, with plans to expand to small and medium-sized businesses.