Big data management startup Delman today announced bagging a $1.6 million seed funding led by Intudo Ventures. Other backing investors are Prasetia Dwidharma Ventures and smart-city solution Qlue Performa Indonesia. The funding also serves as a strategic partnership between Delman and the three investors and will enable Delman’s expansion in developing a big data management ecosystem.
Delman was founded in 2018 by Raymond Christopher (Chief Data Officer), Surya Halim (CEO), and Theo Budiyanto (CTO). The name is an acronym for “Data Excavation Learning and Management”. Its data solution provides end-to-end service from combining, cleaning, validating, to visualizing data in one single dashboard. Delman processes and analyzes the data, and from there offers the best insights that help clients in decision-making.
It solves challenges on data management in Indonesia, which is unstructured and still done conventionally by inexperienced teams. Surya added that companies on average spend $200,000 and 70% of their time just for data cleansing and warehousing. Still, Delman’s services, equipped with AI and machine learning, can accelerate the process by up to 30 times. The startup has been working with various sectors, from private companies, business conglomerates, to government instances.
With the new capital, Delman also plans to build a big data R&D center in Surabaya this year, and hire more data scientists - particularly Indonesian ones who are currently working at Silicon Valley - to develop its big data analytics services and products