Datch

SoftwareSeries ASan Francisco, USdatch.io

Latest round

Series A

Last raised

Aug 2024

Total raised

$28M

Investors

11

About Datch

Datch Inc.Founded in 2018 and headquartered in San Francisco, US, Datch Inc. operates in the asset management sector with a focus on AI technology.00 mn on August 7, 2024. Datch was established by Ben Purcell, who has a history of founding technology-driven ventures.Datch primarily offers the Diagnostic Agent, an AI-powered troubleshooting solution designed to enhance real-time asset management for frontline workers across various industries. This product integrates multiple data sources, including work orders, schematics, OEM manuals, and alarms, to provide technicians, operators, and engineers with comprehensive operational context. The Diagnostic Agent is tailored to streamline maintenance issue resolution, thereby increasing efficiency and accuracy. It has been strategically developed for use in demanding environments and can be accessed on smartphones and tablets, making it convenient for frontline personnel to utilize in their workflows.Datch generates revenue through subscription-based models for its Diagnostic Agent, targeting B2B clients in the industrial sector. The company's transaction structure involves direct engagements with businesses that rely on asset management solutions to improve operational efficiencies. Customers typically pay recurring fees for access to the Diagnostic Agent, which includes continuous updates and improvements managed by Datch’s technology experts to ensure optimal performance. The flagship product, the Diagnostic Agent, is at the core of Datch's revenue model, offering businesses an AI-driven approach to enhance maintenance processes and decision-making.In August 2024, Datch Inc. The company aims to introduce new features and improvements in its flagship product, the Diagnostic Agent, to better serve its industrial client base. Planned expansions include targeting new geographic regions, with a focus on increasing presence in Europe and expanding into emerging markets by the end of 2025.

Who invested in Datch

11 investors across 3 rounds

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Funding rounds

  1. Series A

    Aug 7, 2024

    Amount

    $15M

    Investors

    Locked

  2. Series A

    Jul 26, 2022

    Amount

    $10M

    Investors

    Locked

  3. Seed

    May 25, 2020

    Amount

    $3.2M

    Investors

    Locked

Questions about Datch

Who invested in Datch?

Datch has 11 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Datch raised?

Datch has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Datch last raise money?

Datch's most recent round on record is a Series A, in Aug 2024.

What does Datch do?

Datch is a software company.

Where is Datch headquartered?

Datch is headquartered in San Francisco, US.

Which VCs invest in companies like Datch?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Datch's stage. Their profiles are linked below.

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