# VirtDB

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

- Industry: Software
- Headquarters: Budapest, Hungary
- Website: www.virtdb.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Jun 2, 2017)
- Investors on record: 1

## About

VirtDB Inc. is a technology company specializing in innovative solutions that enhance operational efficiency and user engagement across various sectors, including healthcare, finance, and retail.Founded in 2014 and headquartered in Budapest, Hungary, VirtDB Inc. focuses on providing cloud-based platforms that integrate advanced analytics and machine learning capabilities. The company has undergone two funding rounds, most recently raising EUR 0.40 mn in Seed funding from Hiventures on June 2, 2017. The CEO and Founder is Peter Csillag, who has previously founded other companies before establishing VirtDB Inc.VirtDB Inc. offers a cloud-based platform with advanced analytics, machine learning, and user-friendly interfaces, targeting industries such as healthcare, finance, and retail. Their solutions address critical issues like data silos and inefficient workflows, serving a diverse clientele of mid-sized and large enterprises mainly in North America and Europe.In the most recent year, 2023, VirtDB Inc. reported a revenue of EUR 60,727.4, with an EBITDA of EUR -5,710.9, indicating their financial performance during this period.Following their latest funding round in June 2017, VirtDB Inc. plans to utilize the raised EUR 0.40 mn to develop new products aimed at improving operational efficiencies. The company is also targeting expansion into new geographic regions, with specific plans to enter further markets in Europe by 2025. These initiatives are expected to enhance their product offerings and broaden their market presence.

## Funding rounds

- Seed, Jun 2, 2017, $0.5M — Hiventures
- Seed, Sep 20, 2016, $1.2M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed