Data storytelling startup Vizzu has raised $1.5 million and is beta-launching its animated data storytelling tool.
The cinematic tool allows users to immediately transform their data into animated narratives. This makes it easy for users to explore this new storytelling format, previously reserved for highly trained data visualisation specialists.
The funding round saw participation from Interactive Venture Partners Fund, backed by the family office of Thomas Peterffy, the Founder and Chairman of Interactive Brokers Group Inc; and Two Sigma.
Peter Vidos, CEO and Co-Founder of Vizzu shared:
“This funding and the beta launch of our tool are the result of our team’s relentless effort and vision and the start of the next step in our exciting journey.
We look forward to refining our product based on user feedback and embedding AI-enabled functions to democratise data storytelling further.”
Matt Greenwood, Chief Innovation Officer and Head of Investment Management Engineering at Two Sigma, said:
“At Two Sigma, data fuels our investment insights, and effectively communicating data-driven hypotheses and research to diverse stakeholders is essential.
Vizzu’s innovative data visualisation approach fosters a shared understanding, and we will continue to leverage their open source solutions internally.”
Since securing the funding, Vizzu has expanded its team to 15 top-tier technical and product talents. The team has embedded its animated charting engine, previously available only to developers and data scientists, into an easy-to-use SaaS platform.
Lead image: Peter Vidos andThomas Peterffy. Photo: uncredited.
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