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When Nexla launched a data operations platform at TechCrunch Disrupt Battlefield in 2017, building applications on top of that data was not necessarily a well understood concept. As time has gone on, however, the company has matured alongside the machine learning market, and today it’s able to help customers build applications based on the data that Nexla manages and processes.
As it has done this, it has grown slowly and steadily, attaining cash-flow positive status much earlier than most startups. As founder and CEO Saket Saurabh told TechCrunch, the company did that at a time when burning large amounts of venture capital was the way to do things.
Saurabh chose to grow his company differently, and when investors began looking for efficiency over growth as we turned to 2023, Nexla was well positioned for this change. Today, the company was rewarded with an $18 million investment.