Prospective raises $6m seed funding to enhance data analytics

Prospective, a company providing an interactive tool for analytics and data visualization of large and streaming datasets, has raised $6 million in a seed funding round.

Led by Point72 Ventures, the round also saw participation from Silicon Badia, Irregular Expressions, Essence Ventures, Giant Machines, and REFASHIOND Ventures. The raised capital will bolster Prospective’s mission to enable seamless data access, analysis, and sharing.

Traditional organizations often grapple with the efficient accessing and analyzing of data due to processing power limitations and difficulties in sharing insights. Prospective aims to alleviate this pain point by offering users an interactive tool that allows them to unlock valuable, real-time insights directly through an easy-to-use web browser interface.

The platform is designed to handle tasks that require high-performance, precision, and granularity. By simplifying the data retrieval and operationalization processes, Prospective aids builders, consumers, and analysts in deriving actionable insights that were previously out of reach. The tool is also of significant use in bridging the growing gap between the outputs of Large Language Models (LLMs) and human comprehension by facilitating the derivation and communication of insights in an intuitive manner.

Prospective, founded by Andrew Stein and Eric Schmalzbauer, is the enterprise version of the popular open-source data and analytics project, Perspective.

Eric Schmalzbauer, CEO and co-founder of Prospective, shared his views, “Across both technology and business, accessing, analyzing, visualizing and sharing data is overly complex, time consuming and costly – both within an organization, as well as with external partners and clients.”

Noah Carr, Partner at Point72 Ventures, also expressed enthusiasm for the potential of Prospective to bridge the widening gap between the enterprise data stack and visualization tools that unlock valuable insights.