Data Masters, a startup operating in the online education sector, closes a new funding round by leveraging Italian talent.

13 ott 2023 Press Release

Milan, October 13, 2023 - Data Masters Srl, a startup founded in July 2022 that develops and markets online training programs and educational materials in the fields of data science, artificial intelligence and machine learning, closes another round of funding in which Primo Ventures SGR Spa is participating with an investment of 200,000 euros through its Primo Digital, Primo Digital Parallel Italia and Primo Digital Parallel Sud Italia funds. The company to date has raised 950,000 euros through financial instruments such as equity, debt and innovation calls. The investment is aimed at enhancing Data Masters' growth strategies. In fact, this injection of capital will enable the startup to expand its team with highly qualified professionals and to intensify research and development activities for the creation of new training and technology products.

The company offers a wide range of educational tracks and hands-on workshops designed to train future professionals. The programs, with their modular approach, provide continuous, hands-on and customized learning methods for individuals and companies.

Data Masters also manages a community of professionals and enthusiasts in the field of Data Science and is developing a platform for talent profiling and matching with the needs of client companies: the Data Masters Brain. This platform collects and processes data on talent by creating customized pathways, studying their learning performance through detailed analysis of their skills, and then facilitating matching with the needs of partner companies. This measurement technology is enabling Data Master to further expand its service offerings and attract potential students who can then take advantage of the matching platform.

The global market for online training programs in the field of data science has been estimated at approximately $81.47 billion in 2022, with a projected compound annual growth rate of 25.1 percent from 2023 to 2026, thus presenting excellent opportunities for expansion.
The growing demand for professionals in this field is one of the factors contributing to this growth. In 2022, the data scientist role was the third most sought-after in the US.
According to many reports, most recently the one published by IBM, about 40 percent of the global workforce (1.4 billion people) will need to take upskilling and reskilling courses as they are impacted by the latest developments in AI and Generative AI technologies.
Investing in key areas for change, such as Artificial Intelligence, is key to strengthening our country's competitiveness in Europe and globally.

"In the dynamic world of artificial intelligence, Data Masters is increasingly positioning itself as a leader in identifying and developing professional expertise in the world of data. The participation of Primo Ventures, marks another step forward in our ambitious growth program; their expertise and commitment to excellence will undoubtedly be a driving force in our mission," said Luigi Congedo, Co-founder of Data Masters.

"We are delighted to have participated in this round of funding from Data Masters, for a number of reasons: because of the quality of the team, which combines product and business expertise, because of the market potential, as training and placement of resources with skills in Artificial Intelligence will be key in the future, and finally because it is important for us to contribute to the economic development and social impact of our investments," adds Gianluca Dettori, President of Primo Ventures SGR Spa.

Data Masters actively contributes to the socio-economic development of a traditionally undervalued area. Born in the South, with roots in Puglia and Campania, Data Masters continues to invest in the training of talent in the South, creating impact, jobs and opportunities for growth.

Valuable figures have been added to the team as consultants and advisors, all coming from successful entrepreneurial adventures. Joining the Data Masters team is Andrea Pili, a senior advisor with successful entrepreneurial adventures in e-commerce (i.e. Sardegna.com), marketer and CMO in queryo, a company recently sold to Tinexta. The Data Masters team is also ready to welcome the expertise of Salvo Giammarresi, among the top experts in worldwide globalization and localization, with a past in Yahoo, Paypal and current Head of Localization at Airbnb. From now on, Data Masters will be able to rely on their expertise.
Finally, Data Masters is growing its network of international partners, fostering the attraction of foreign investment in Italy, thanks to the Italian talents who have participated in their training programs.

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