Silicon Valley investors go in on UW spinout DataChat

DataChat, a Madison company that developed an intelligence interface that allows business users to extract insight from their data simply by talking to a chatbot, has raised $4 million to build its team and customer base, the company announced Wednesday.

DataChat was created at the University of Wisconsin-Madison by computer science professor Jignesh Patel. The round of funding was led by Silicon Valley venture capital firms WRVI Capital and Nepenthe Capital. Other participants included individual investors from Google and Santa Clara, California-based cybersecurity company Palo Alto Networks.

“We’re building technology that represents the future of how people get insights from their data,” said Patel, who runs the company as its CEO. “It’s a sophisticated technology that cuts across multiple disciplines in computer science, including data science and AI. We needed smart money to fuel our vision and this round does exactly that.”

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