Enterprise

Silk, A Cloud-Based App To Visualize Data, Launches Its First Paid Product For Teams, Gets Another $1.6M From NEA

Comment

Since Silk first came out of stealth mode in 2011, there have been 300,000 interactive pages created on its cloud-based, web data-crunching platform designed for non-technical “knowledge workers.” Taking less easy-to-read data sets and making them more digestible, results have ranged from the Guardian newspaper in the UK creating graphics of which countries have the most asylum seekers, through to charting what products Google has killed and dads mapping out the best playgrounds for his kid in Amsterdam (where Silk also happens to be founded). It’s been a popular, and free, tool, with pages created by some 16,000 people growing by 20 percent each month. Now, Silk is moving on to its next phase: its first paid product, Silk for Teams, aimed at groups of enterprise users who want to use the platform to produce cleaner internal data sets, and eventually to create data visualizations that work with paywalls.

The company (now dropping its silkapp.com URL for a shorter silk.co) is also announcing an extra $1.6 million from existing investor NEA as part of the news, which will also be used to help Silk continue expanding into the U.S. market and add more features to the paid product. This brings the total raised by Silk to $3.7 million, after previous funding from NEA, Atomico Ventures and a number of prominent angels.

Salar Al-Khafaji, the co-founder and CEO of Silk, describes Silk as the everyday user’s equivalent of MongoDB, the NoSQL database startup that last week announced a hefty $150 million raise to help enterprise IT specialists take on broad sets of structured and unstructured data — in other words, information that may already be in some dabase-style format, combined with data that is not.

“What MongoDB does for technical people is what we are trying to do for less technical people,” he tells me.

This results in pages that not only bring together data, but that also let users manipulate it and reset parameters for viewing in real time, such as in this example to query a database of employees (the menu is in the left-hand column):

Silk employee map

Al-Khafaji says he declines to use the term “big data” for Silk. He says it has been thrown around too much and could mean anything these days. Still, this seems to be what is at play here, with the promise being that Silk will make big data something that everyone can access, and do so much quicker than before.

These seem to be some of the drivers of what beta testers have been valuing in the product so far. “Before Silk, it was incredibly time consuming to keep track of the voting patterns on amendments. And building graphics to show our findings was also difficult and required an expert resource,” Stephen Northfield, director of digital at Human Rights Watch, noted in a statement. “Silk lets our non-technical staff convert years of data into beautiful interactive maps and graphics. This allows our team and anyone else the ability to study voting records from almost any vantage point with just a few clicks.”

The promise of what Silk can offer to enterprises should not sound unfamiliar: the idea of creating IT services that let non-IT people take better control of the data they need to do their jobs is one that we’ve been seeing a lot lately, part of the bigger trend for consumerization in IT.

Others that have specifically created “consumerized” platforms for database management include Looker (which lets you use natural language for database queries), Good Data, Origami Logic specifically for marketers, Import.io to help create datasets from unstructured data, Visual.ly to make visualizations of data, and many more. Typical examples of where a platform like Silk might come in handy are for project managers, those working in CRM or marketing and market analysts, in theory competing directly against some of these other companies, or at least aspects of their offerings.

Silk for Teams will be charged in a typical SaaS fashion. The public service will remain free, as will a private service for up to three people. After that, it will be charged at $10 per user per month. On top of that there will be support services available to paid users.

Meanwhile, with the extra funding comes a re-doubled effort to target business in the U.S. This is something that Silk has already been doing, notes Al-Khafaji, an engineer by training who spends part of the month with Silk’s sales people in San Francisco, and the other part with Silk’s development team in Amsterdam. He says that the double focus is here to stay, following in the footsteps of a number of other startups from this side of the pond that have kept engineers developing away at home while the bizdev people do their thing in the Valley (two notable recent exits in that vein are Waze and Tursteer). “We are going to keep our company on both sides of the ocean,” he tells me.

Having the team split between two continents hasn’t impacted fundraising too much for the company, he says. “Atomico is run by product people, and they simply just liked our product,” he notes, while “NEA literally sees us as a tech company, and it doesn’t matter where we are based.” However, he does note that some VCs felt otherwise. “When we raised money some were clear that they wound’t fund us unless we moved completely to the U.S.,” he said.

Going forward, it looks like the Teams and more enterprise products will be getting further enhancements. One area will be to share the more sophisticated data sets created for internal purposes with paying customers. This is something you could imagine getting used by newspapers with paywalls for part of their content, or analyst houses encouraging users with freemium models, as two examples. The payments side of the product isn’t open yet, Al-Khafaji tells me, but it is coming soon.

More TechCrunch

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The deck included some redacted numbers, but there was still enough data to get a good picture.

Pitch Deck Teardown: Cloudsmith’s $15M Series A deck

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: What we know so far

Unlike ChatGPT, Claude did not become a new App Store hit.

Anthropic’s Claude sees tepid reception on iOS compared with ChatGPT’s debut

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look,…

Startups Weekly: Trouble in EV land and Peloton is circling the drain

Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack…

Founders Fund leads financing of composites startup Layup Parts

AI startup Anthropic is changing its policies to allow minors to use its generative AI systems — in certain circumstances, at least.  Announced in a post on the company’s official…

Anthropic now lets kids use its AI tech — within limits

Zeekr’s market hype is noteworthy and may indicate that investors see value in the high-quality, low-price offerings of Chinese automakers.

The buzziest EV IPO of the year is a Chinese automaker

Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent…

VC fund performance is down sharply — but it may have already hit its lowest point

The person who claims to have 49 million Dell customer records told TechCrunch that he brute-forced an online company portal and scraped customer data, including physical addresses, directly from Dell’s…

Threat actor says he scraped 49M Dell customer addresses before the company found out

The social network has announced an updated version of its app that lets you offer feedback about its algorithmic feed so you can better customize it.

Bluesky now lets you personalize main Discover feed using new controls

Microsoft will launch its own mobile game store in July, the company announced at the Bloomberg Technology Summit on Thursday. Xbox president Sarah Bond shared that the company plans to…

Microsoft is launching its mobile game store in July

Smart ring maker Oura is launching two new features focused on heart health, the company announced on Friday. The first claims to help users get an idea of their cardiovascular…

Oura launches two new heart health features

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world…

This Week in AI: OpenAI considers allowing AI porn

Garena is quietly developing new India-themed games even though Free Fire, its biggest title, has still not made a comeback to the country.

Garena is quietly making India-themed games even as Free Fire’s relaunch remains doubtful

The U.S.’ NHTSA has opened a fourth investigation into the Fisker Ocean SUV, spurred by multiple claims of “inadvertent Automatic Emergency Braking.”

Fisker Ocean faces fourth federal safety probe

CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.

CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

The Series C funding, which brings its total raise to around $95 million, will go toward mass production of the startup’s inaugural products

AI chip startup DEEPX secures $80M Series C at a $529M valuation 

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse.

Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

The problem is not the media, but the message.

Apple’s ‘Crush’ ad is disgusting

The Twitter for Android client was “a demo app that Google had created and gave to us,” says Particle co-founder and ex-Twitter employee Sara Beykpour.

Google built some of the first social apps for Android, including Twitter and others

WhatsApp is updating its mobile apps for a fresh and more streamlined look, while also introducing a new “darker dark mode,” the company announced on Thursday. The messaging app says…

WhatsApp’s latest update streamlines navigation and adds a ‘darker dark mode’

Plinky lets you solve the problem of saving and organizing links from anywhere with a focus on simplicity and customization.

Plinky is an app for you to collect and organize links easily

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of…

Triomics raises $15M Series A to automate cancer clinical trials matching

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Tap, tap.…

Tesla drives Luminar lidar sales and Motional pauses robotaxi plans

The newly announced “Public Content Policy” will now join Reddit’s existing privacy policy and content policy to guide how Reddit’s data is being accessed and used by commercial entities and…

Reddit locks down its public data in new content policy, says use now requires a contract

Eva Ho plans to step away from her position as general partner at Fika Ventures, the Los Angeles-based seed firm she co-founded in 2016. Fika told LPs of Ho’s intention…

Fika Ventures co-founder Eva Ho will step back from the firm after its current fund is deployed

In a post on Werner Vogels’ personal blog, he details Distill, an open-source app he built to transcribe and summarize conference calls.

Amazon’s CTO built a meeting-summarizing app for some reason

Paris-based Mistral AI, a startup working on open source large language models — the building block for generative AI services — has been raising money at a $6 billion valuation,…

Sources: Mistral AI raising at a $6B valuation, SoftBank ‘not in’ but DST is