MyDataModels secured €2.5 million from Speedinvest

MyDataModels, a Cannes, France-based startup building a SAAS solution for white label AI models, announced that it completed a funding round of €2.5 million ($3M).

The money was raised from investors led Speedinvest, and including participation from Region Sud Investissement and existing investors Earlybird Venture Capital.

The new proceeds will be used for expansion into new international markets and hire more people.

MyDataModels, founded in 2018 by CEO Alain Blancquart, Denis Bastiment and Simon Gazikian, provides an automated machine learning platform for small datasets. The company's main target audience is domain experts with little to no coding skills. With MyDataModels, they can create and run their own predictive models on small datasets in the cloud.