Spanish Devs Ditch 'Move Fast' Mantra, Spend 7 Years & 7M Euros Building In-Browser Data 'Formula 1' – Finally Score $4.6M Seed

Graphext, a Spanish startup, has spent seven years and approximately 7 million euros developing a cutting-edge data analysis platform. Founded by Victoriano Izquierdo and Miguel Cantón in 2015, the company has created a powerful tool that democratizes data science, making it accessible to non-technical users. Graphext's platform utilizes advanced technologies like WebAssembly, WebGL, and Apache Arrow, allowing for fast and interactive data analysis. The company has secured funding from investors, including a 4.6 million dollar seed round led by Hoxton Ventures in June 2023. With a strong focus on explainable AI, Graphext aims to lead the XAI space, enabling businesses to understand the reasoning behind predictive models. The company has around 50 employees and is poised for commercial scaling, particularly in the international enterprise market. Graphext's unique approach and technology have garnered attention from industry leaders, including investments from over 80 angel investors, and partnerships with companies like McDonald's and Roche.