Data Masters raises 1.15 million to accelerate its technology roadmap and international expansion

23 set 2024 Data Masters, Press Release

Data Masters, the Italian tech academy active for AI training and continuous learning, announce the closing of a 1.15 million euro seed round.

Primo Ventures, through its Primo Digital, Primo Digital Parallel Italia and Primo Digital Parallel Sud Italia funds, leads the round joined by investors such as Zanichelli Venture, other angels investors, leading international tech entrepreneurs and venture capital funds.

For the Italian AI academy that trains talent and professionals with expertise in Artificial Intelligence, Data Science and Machine Learning, this round marks a crucial milestone that allows the company to consolidate its leadership in the sector and expand its market in Europe.

Over 12 thousand students enrolled, a fast-growing team, and new technological developments

Founded in July 2022 by Luigi Congedo, along with Francesco Cipriani and Vincenzo Maritati, Data Masters has experienced significant growth, with a 300 percent year-over-year increase in revenue in the first half of 2024. With more than 12,000 students enrolled and an upskilling and reskilling platform used by corporations to enhance their corporate Academies, the company continues to enrich its training catalog with innovative technical courses, reaching sold out weeks before launch.

The funds raised will be used to support the growth of the team, which has grown from 5 to 20 employees in just 18 months, to accelerate the development of advanced AI technologies for skills measurement, and to foster educational continuity and continuous skills upgrading (known as continuous learning).

“This round will allow us to boost our technology roadmap, expanding our impact on companies and professionals who want to take full advantage of the potential of AI” says Luigi Congedo, Co-Founder and President of Data Masters.

Exploring new international markets, training 1 million people, and scaling up new AI solutions: the next challenges for Data Masters

The capital injection will enable Data Masters to explore new international markets, with strategic projects to be unveiled in the coming months.

“We are excited to lead Data Masters' seed round, having participated in the pre-seed. This renewed commitment underscores our strong belief in the company's vision and from the exceptional founding team. In today's rapidly evolving digital landscape, AI is not just a buzzword, but an essential tool for everyone. We firmly believe that AI is here to stay and will soon be as ubiquitous as smartphones or social media. The ability to effectively harness AI will be critical to individual and business success. Data Masters is at the forefront of this paradigm shift, providing valuable AI and data-science training pathways. By providing people with these fundamental skills, the startup is not just fulfilling a market need, but preparing society for a future in which AI literacy will be a fundamental requirement” comments Niccolò Sanarico, general partner of Primo Digital.

The tech academy aims to become the partner of choice for companies and professionals, developing customizable and innovative solutions that meet the growing needs of the AI market.

“Our goal is to support professionals and companies in the use of AI,” Congedo adds. ”We seek to be the partner of choice for increasing skills and productivity. This goal is supported by our value proposition: to create and train more and more AI, Data Science and Machine Learning talent, multiply employment opportunities and, as a result, encourage participation in the labor market - We continue the approach to one of our most coveted goals: to get to train 1 million people in Italy in the use of AI-based tools and technologies.”

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