Bonza Reportedly Receives Additional Investment from Future Shape

DailySocial get news, one of East Ventures portfolio, analytics startup big data Bonza, pocketed an additional investment of $ 500 thousand (more than 7,2 billion Rupiah) from Future Shape. There has been no official statement submitted until this news was revealed.

Future Shape is a French VC that invests in engineers and scientists who develop deep technology. They participated in the initial stage of funding Finantier in the last month, which is also a portfolio of East Ventures.

Previously, East Ventures led the Bonza funding round with Elev8.vc for $2 million in May 2021. East Ventures is also an early investor in the startup that was started last year by Elsa Chandra and Philip Thomas.

In the last round announced by the company, Elsa as CEO of Bonza said that the fresh funds obtained are expected to accelerate the company's vision to become a leading data company in Southeast Asia. The company is developing a platform to support enterprises to better process data and deploy AI solutions through no code platform (its use does not require coding).

Value proposition

Approach no code which Bonza is currently developing will enable technical and non-technical teams to build and deploy data-driven solutions at scale (big data).

Elsa continued, what sets Bonza apart is that its platform removes the frictions and barriers that an organization faces when creating and deploying data-driven solutions for the first time. Organizations can integrate various data sources within the organization, then build and use models machine learning Dalam UI responsive.

Users can automate long-winded data integration for report generation, reducing implementation time of AI solutions from months to days. An example of its application is helping service owners fintech building machines fraud detection in a manner real-time and monitoring tools that the team can use fraud operations to get insights from different places and unstructured data sources so that the fraud rate is reduced.

Service potential big data

Service market share big data has a tendency to grow from year to year, not least in the Asia Pacific region. In 2020, marketsizeIt is projected to have reached $138,9 billion and will increase to $229,4 billion by 2025.

The main factor for the growth of this market is the availability of abundant [digital] data in organizations. Through the digital transformation program launched, business people always try to be more competitive in formulating strategies. One approach is to convert this data into useful insights. Through big data analysis, a business can also improve operational efficiency.

Tools big data today have the capability to process structured and unstructured data from various sources, such as log in apps, social media, service forms, even from third party data sources.

Most service providers provide a platform based on cloud, in the form of SaaS that can be subscribed according to the desired specifications. Although players with specific solutions such as Bonza continue to emerge, service fulfillment in the global market is still dominated by technology giants such as Microsoft, Teradata, IBM, Oracle, Google, Cloudera, Salesforce, to SAP.

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