Prospective – an interactive analytics and data visualization tool for large and streaming datasets – recently announced that it raised $6 million. The seed funding round was led by Point72 Ventures with participation from Silicon Badia, Irregular Expressions, Essence Ventures, Giant Machines, and REFASHIOND Ventures.
Organizations traditionally have struggled to efficiently access and analyze the data necessary for their use cases due to limitations in readily accessible processing power and difficulty in publishing insights. To address this issue, Prospective has built an interactive tool to facilitate seamless data access, analysis, and sharing. Through Prospective, users gain intuitive and efficient access to both large and streaming datasets, enabling them to unlock valuable insights in real-time, directly through a user-friendly web browser interface.
The company is tailored to handle tasks that demand high performance, precision, and granularity. By streamlining the data retrieval and operationalization processes, the company empowers builders, consumers, and analysts to derive actionable insights that were previously inaccessible. With the rise of Large Language Models (LLMs), the gap between model outputs and human understanding has been widening. And Prospective helps bridge this gap by enabling customers to derive and convey insights intuitively.
Prospective was founded by Andrew Stein and Eric Schmalzbauer. And Prospective is the Enterprise version of the popular open-source data and analytics project Perspective. Parallel to announcing its seed funding round, Prospective is also launching a private beta for several firms.
KEY QUOTES:
“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. The evolution toward real time data access whether for customer retention, observability, or transaction analysis is a challenge across all types of teams and enterprises.”
— Prospective’s CEO and co-founder, Eric Schmalzbauer
“We see an exciting new space bridging the widening gap between the enterprise data stack and the visualization tools that unlock value and insights. Firms are generating more and more dimensions of data, including streaming & real-time, but non-technical users and data scientists oftentimes don’t have the tools to take advantage of said data. We believe the team behind Prospective has deep experience in both the data and infrastructure spaces, and we see an opportunity to build on the success of the strong open source community of Perspective.”
— Noah Carr, Partner at Point72 Ventures
