# Nexla

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexla

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.nexla.com
- Total disclosed funding: $33M
- Latest round: Series A (Jun 22, 2023)
- Investors on record: 7

## About

Nexla, Inc. is a US-based company that provides an enterprise-grade data and GenAI integration platform, assisting organizations in navigating the complexities of diverse data landscapes efficiently.Founded in 2016 and headquartered in San Mateo, US, Nexla, Inc. specializes in data integration solutions. The company was founded by Avinash Shahdadpuri, Niket Sourabh, and Saket Saurabh, who has a history of entrepreneurship. In June 2023, Nexla raised USD 16.97 mn in Series A funding led by Shield Capital, alongside investors such as Blumberg Capital and Engineering Capital, bringing its total amount raised to USD 16.97 mn and current valuation to USD 95.99 mn.Nexla offers an enterprise-grade data and GenAI integration platform designed to address the complexities of data variety, volume, and velocity. Their core product features include a no-code agentic RAG framework, universal bi-directional connectors, and virtual data products (Nexsets) that facilitate seamless data integration from diverse sources, whether structured or unstructured. By leveraging AI-powered metadata intelligence, Nexla transforms data integration tasks, enabling organizations to onboard customer and partner data sources efficiently while improving operational efficiency. This platform caters to a wide range of industries, including asset management, financial services, government, healthcare, and retail, with clients encompassing various enterprise-level organizations across North America, Europe, and Asia-Pacific. By providing an intuitive interface for data collaboration and governance, Nexla effectively serves data producers and consumers alike, alleviating the challenges associated with fragmented data landscapes.Nexla generates revenue through subscription-based models encompassing various services, including data integration, analytics, and GenAI capabilities. The company’s transactions typically involve partnerships and direct B2B engagements with clients who require customized data solutions. Clients integrate Nexla’s flagship offerings into their operations, allowing for enhanced data processing and management without the need for extensive coding knowledge. Specific pricing plans are structured to accommodate varying scales of operations, but details on individual product costs are not publicly disclosed. This revenue framework supports Nexla's ongoing innovation and expansion in the competitive data integration market, reflecting a commitment to delivering value through flexible and efficient data solutions.In June 2023, Nexla, Inc. raised USD 16.97 mn in Series A funding, which will be utilized to accelerate the development of its data-product-powered tools across enterprises. The company is focusing on expanding its presence in new geographic regions, including additional markets in North America and Europe, by the end of 2024. Furthermore, plans for upcoming products are in development, which aim to enhance their integration capabilities and address emerging data challenges.

## Funding rounds

- Series A, Jun 22, 2023, $17M — Storm Ventures, Industry Ventures, Blumberg Capital, Liberty Global Ventures, Engineering Capital, Shield Capital
- Series A, Aug 31, 2021, $12M — Storm Ventures, Industry Ventures, Blumberg Capital, Correlation Ventures, Liberty Global Ventures, Engineering Capital
- Seed, May 16, 2017, $3.5M — Storm Ventures, Blumberg Capital, Correlation Ventures, Engineering Capital

## Investors

- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Seed, Series A
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed, Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed, Series A
- Engineering Capital (https://capitalatlas.ai/funds/engineering-capital) — Seed, Series A
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series A
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series A
- Shield Capital (https://capitalatlas.ai/funds/shield-capital) — Series A