Definite Secures $10 Million for Innovative Data Solutions
Definite Secures $10 Million Seed Round for AI-Native Data Platform
Costanoa and Acrew Capital back the founding team's bold vision for the future of enterprise analytics
Definite, a comprehensive AI-native data platform, has successfully raised $10 million in a seed round. This significant funding, led by Costanoa and supported by Acrew Capital, aims to propel product development and enhance market strategies, facilitating the growth of enterprises adopting this innovative technology.
Many organizations often find themselves utilizing an array of expensive tools, such as a data warehouse paired with ETL services and business intelligence platforms. Definite is set to revolutionize this process by providing an integrated AI-native platform that encompasses a secure data lake, streamlined data pipelines, and interactive dashboards. With Definite, businesses can uncover insights in mere minutes—significantly faster and more cost-effective than assembling traditional systems that often require extensive data teams.
“Teams shouldn’t have to spend six months and a substantial budget just to gather insights about their operations,” expressed Mike Ritchie, CEO and founder of Definite. “With Definite, we are committed to simplifying analytics. Our platform leverages open-source elements alongside AI, enabling users to ask questions without needing to write complex queries.”
Definite stands as a SOC 2 Type II compliant solution, built on robust, open-source data architectures. This ensures users can access rapid, secure, and economical analytics without being tethered to any specific vendor. Early users such as Perfect and Meet Alfred have already experienced the benefits of Definite, describing their transition to a sophisticated data lake in just a few hours and achieving an operational API shortly thereafter, as stated by George Papadopoulos, CEO of Meet Alfred.
“We're witnessing numerous startups invest heavily in modern data infrastructures only to realize that they still require full-fledged data engineering teams for actionable insights,” said John Cowgill, Partner at Costanoa. “Definite addresses this issue directly, offering a powerful yet streamlined solution that allows business users to access insights quickly and flexibly without the usual bottlenecks. It’s precisely what teams need today—a comprehensive data platform that empowers them to conduct self-serve analytics swiftly without compromising on reliability or depth.”
To support its rapid growth, Definite is actively seeking to expand its engineering and go-to-market efforts, particularly focusing on enterprise sales. The company embraces a remote-first culture, offering high autonomy to its team while working towards the mission of democratizing access to advanced data infrastructures for those shaping the future.
For more insights into Definite or to start utilizing their services, you can visit their official site at www.definite.app.
About Definite
Founded in 2023, Definite represents the AI-native solution for contemporary teams. The platform integrates a data lake, ETL processes, and business intelligence into a unified, AI-driven framework that delivers insights almost instantaneously. Utilizing open-source technology like DuckDB and Apache Iceberg, Definite promises speed, security, and scalability to its users.
About Costanoa
Costanoa is dedicated to empowering founders who create impactful enterprises. They invest from the early stages through Series A in sectors such as Applied AI, Infrastructure, Cybersecurity, and Fintech. With around $2.3 billion in assets under management, Costanoa focuses on a selective investment strategy that enables them to provide meaningful expertise and operational support during crucial growth phases.
Media contact: Definite welcomes inquiries regarding their innovative solutions and future prospects.
Frequently Asked Questions
What is Definite's primary offering?
Definite provides an AI-native data platform that combines a data lake, ETL, and business intelligence into one integrated solution.
Who led the recent funding round for Definite?
The funding round was led by Costanoa with participation from Acrew Capital and various strategic investors.
How does Definite's platform differ from traditional data stacks?
Definite allows companies to connect their tools and gain insights significantly faster and more effectively compared to traditional data stacks, which require comprehensive engineering teams.
When was Definite founded?
Definite was founded in 2023 and has aimed to transform enterprise analytics since its inception.
What compliance standard does Definite meet?
Definite is SOC 2 Type II compliant, ensuring a secure and responsible handling of data analytics.
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