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AI-Powered SaaS Data Platform Pliable Launches After $2.5million Seed Round Success

AI-powered SaaS data platform Pliable has officially launched out of stealth following a $2.5million seed round led by Resolute Ventures.

Pliable’s SaaS platform looks to simplify organising and leveraging data without an engineer. After the funding round, which featured participation from CEAS and other investors, Pliable plans to expand its team and platform to create a single source of truth for anyone to streamline their data processes.

Jason Raede, co-founder and CEO of Pliable
Jason Raede, co-founder and CEO of Pliable

Jason Raede, co-founder and CEO of Pliable, said: “Regardless of the size of your business, companies should have access to comprehensive data capabilities. While the technology for this exists, most solutions require clean and consolidated data to function properly, and others require costly investments in data engineers or infrastructure.

“It shouldn’t be this way – most companies don’t have the resources or time to transform their data management practices. With the launch of Pliable, we’re changing how data management works, significantly reducing costs and increasing access to trustworthy data.”

According to a Wakefield Research and Fivetran report, data engineers spend as much as half their time building and maintaining data pipelines – costing $520,000 annually. Many small and medium-sized businesses (SMBs) cannot afford the personnel or tools needed to effectively manage data pipelines, let alone data analytics and modelling.

By combining, de-duplicating, and validating data across multiple sources, Pliable aims to empower users to quickly compile a source of truth for data across the entire business – ultimately replacing the need for data engineers and complicated infrastructure.

A low-budget solution for low-tech data teams

Pliable’s no-code architecture enables everyone, not just the data team, to consolidate, organise, and explore their company’s data across all aspects of their business, enabling them to:

  • Access accurate, trustworthy data faster through quick and easy resolution of duplicate records, even across different systems.
  • Create a repeatable, consistent way to update company metrics giving employees more time to focus on their priorities.
  • Leverage tools compatible with Pliable to add, enrich, and standardise information – such as phone numbers and addresses.

Michael Hirshland, founder of Resolute Ventures, said: “We get excited by exceptional founding teams who have figured out how to optimise efficiency and impact the bottom line for a large market of customers. And so Pliable was a natural fit, accomplishing this by making data available and comprehensible for everyone and every type of business. Pliable customers can operate as the most effective version of themselves.”

Mike Wohl, chief investment officer at CEAS, commented: “The modern data stack has evolved quickly, and CEAS has had a front-row seat as an early investor in Fivetran. From that seat, we see a downstream friction of non-technical user adoption for which Pliable solves.

“Pliable is the solution that will enable low-tech and low-budget data-curious teams to answer their business intelligence questions. While many new startups are entering the transformation game to compete with dbt, Pliable is expanding the pie of buyers to include a new buyer set the current modern data stack couldn’t reach.”

Author

  • Tom joined The Fintech Times in 2022 as part of the operations team; later joining the editorial team as a journalist.

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