Anyformat, a Spanish startup betting on a new era of collaboration between people and artificial intelligence, has announced the raising of €520k in a pre-seed financing round. This round, led by 4Founders Capital, Abac Nest Ventures, and prominent business angels, will allow anyformat to accelerate the development of its generative artificial intelligence platform, designed to transform the way companies manage and analyze unstructured data.
With this injection of capital, anyformat is consolidating itself as a key solution to automate the extraction and analysis of complex data, enabling any user – without the need for technical knowledge – to convert large volumes of unstructured information into strategic insights. This marks a crucial step for organizations looking to optimize processes and improve data-driven decision making.
According to the Data Cube report “Spain Artificial Intelligence Market Growth and Performance”, the artificial intelligence market in Spain is expected to reach $26.56 billion by 2032, with a compound annual growth rate of 27.4%. This growth environment, combined with the exponential increase in the generation of unstructured data, reinforces the strategic relevance of anyformat for companies seeking operational agility and efficiency.
Juan Huguet, CEO of anyformat, said: “Our mission is clear: to enable organizations to adopt hybrid intelligence by allowing AI to do the heavy lifting of extracting and structuring data, and getting people to focus on solving strategic and creative problems. With anyformat, companies access valuable information quickly and without complications.”
The anyformat platform automates the extraction of information contained in documents, presentations or even voice recordings, simplifying what previously required a lot of manual work or advanced technical knowledge. In the words of Alejandro Fernández, COO of anyformat, “Many companies are held back by the difficulty of managing unstructured data. With our solution, we make that information immediately available to teams, ready to be integrated into tools such as Excel or business intelligence platforms.”
In addition to its focus on usability, anyformat is designed to scale easily, ensuring simple integration with existing systems. Diego Pérez, CTO of anyformat, added: “Our priority is to optimize workflows without compromising data security or privacy. We know that trust is key, and we ensure that information is handled responsibly and efficiently, allowing organizations to grow sustainably.”
Investors recognize anyformat’s disruptive potential. Joan Pina, partner at Abac Nest Ventures, commented: “At Abac Nest Ventures we have bet on anyformat because we believe in the vision of its founders and in the impact that its technology can have on the industry. Turning unstructured data into actionable knowledge is a growing need, and companies using anyformat are gaining competitiveness by quickly and efficiently integrating AI into their processes.”
With the new funding, anyformat is preparing to expand its team and operations, with an eye toward consolidating its presence in Spain and exploring opportunities in international markets. “At anyformat, we are committed to transforming unstructured information into a competitive advantage, allowing companies to not only access valuable information, but to use it intelligently to make strategic decisions that drive their growth and success,” concluded Juan Huguet.
Read the orginal article: https://www.eu-startups.com/2024/10/madrid-based-anyformat-raises-e520k-to-simplify-the-automation-of-unstructured-data-extraction/
