Jakarta-based big data analytics startup Bonza, secured an undisclosed amount of seed funding from East Ventures. The funding will be used to develop Bonza’s technology and product, and expand its business operations.
Bonza was recently launched in April by Elsa Chandra and Philip Thomas, who met at Traveloka. Upon realizing how big data is able to effectively improve the speed and quality of decision-making in Traveloka, they decided to help other companies facing similar data challenges. Now Bonza is building a product that can simplify data preparation for data analysts, and analyze data to assist C-suite or frontline workers in decision-making.
As a response to COVID-19 pandemic, Bonza uses a math algorithm to project COVID-19 Effective Reproduction Numbers (Rt), which measures the virus’ rate of spread in each Indonesia province. They hope that these projections will help the government and policy makers to formulate better plans in tackling COVID-19 and measure the effectiveness of policy, such as large-scale social restrictions (PSBB).
Bonza uses data from public sources to make the algorithm. Charts for each province, along with explanations on how to read them and references that Bonza uses, are available and updated daily on its website thebonza.com.