Gulp Data, the leader in data-backed l****, has closed on a $10 million credit facility with an option of up to $25 million to expand its lending capacity and help businesses leverage their data as a balance sheet asset to access capital.
Recommended: AiThority Interview with Brigette McInnis-Day, Chief People Officer at UiPath
Gulp is on a mission to bring data-backed lending to the mainstream, solidifying data as a leverageable asset and helping companies of all sizes globally unlock the value in their datasets. Gulp has been pioneering Data as an Asset class since late 2021, partnering with a network of forward flow partners with the goal of lending more than $100M over the next year. With this new credit facility, the neo-lender can now offer non-dilutive funding directly from its own balance sheet.
Founding partner Lauren Cascio said, “We’re thrilled to directly manage this capital and fully put into practice the expertise we’ve developed working with Data as Collateral. Private credit has really contracted, particularly in commercial lending, and businesses simply don’t have as many options today as they did just two years ago. This credit facility is launching at a perfect time, and will make us more nimble in vetting borrowers and quickly deploying capital to businesses that embrace this new asset class.”
Gulp Data is the leading provider of data-backed l****, leveraging proprietary machine learning to perform rapid data valuations and offer non-dilutive l**** using copies of the borrowers’ data as collateral. Aiming to offer a streamlined qualification process and end-to-end data security from onboarding to storage, Gulp Data bases l**** on the estimated total value of the client’s dataset.
Latest Insights: How to Get Started with Prompt Engineering in Generative AI Projects
The company was founded in 2021 by an experienced group of technology founders and investors with a shared core belief in the value of data as a balance sheet asset.
Since May 2022, Gulp Data has completed over 800 data valuations. Gulp Data’s clients and partners include Fortune 100 companies and preeminent global consulting firms.
Gulp Data is a provider of data-backed l**** and data valuations. Powered by proprietary machine learning, the company can perform rapid data valuations to offer non-dilutive l**** using copies of the borrowers’ data as collateral. Capable of pre-approving a loan in just 24 hours, the company operates globally and offers its services to businesses of all sizes, regardless of their valuation and stage. Gulp Data complies with security best practices and safeguards for data, using industry-leading security technologies and procedures to protect the information from unauthorized access, use, or disclosure at all times.
Latest Interview Insights : AiThority Interview with Abhay Parasnis, Founder and CEO at Typeface
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.