Rows reported that it managed to raise 8 million euros (about $8.7 million).
The company intends to spend the mentioned funds on expanding its cloud app designed to operate with spreadsheets based on artificial intelligence. The firm’s message, posted on its account on the LinkedIn virtual platform, notes that there has never been a better time to build spreadsheets of the future.
In a press release from venture capital firm Indico Capital Partners, which led the funding round, which resulted in Rows receiving 8 million euros, it is reported that the cloud app developer will use investment funds to further accelerate data integration, improve artificial intelligence features and expand activity in major markets, including the United States, Europe, and The United Kingdom.
Rows was founded in 2017 by Torben Schulz and Humberto Ayres Pereira. The company offers fast data import services, artificial intelligence analytics that extract learnings from arrays of information, and sharing functions.
The firm aims to solve the problems that business and marketing professionals often face when their data is stored in the cloud. In this case, processes such as efficient loading, analysis, and sharing are meant.
Apps Rows spreadsheet provides native integration with a wide range of marketing and business tools, artificial intelligence analytics with a simple interface, and spreadsheets that are designed to be sleek and aesthetically appealing.
This news actually contains another example of the deep integration of AI into different spheres of activity. Against the background of the tendency’s active scaling of the multipurpose use of artificial intelligence, the issue of cybersecurity is being updated. In this context, it is worth mentioning that scammers also have access to advanced technologies. Due to the mentioned circumstances, the cybercriminals’ methods of action are gradually becoming more sophisticated. In this case, user awareness is important. For example, an Internet search query such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device. It is worth noting that digital literacy is one of the tools to combat cybercrime.
