phData, a Minneapolis, MN-based industry leader in developing and delivering modern data applications and AI solutions, received an investment from Gryphon Investors.
The amount of the deal was not disclosed. As part of the transaction, the management team, including CEO Ryan Bosshart, will retain a significant equity stake in the company.
The company intends to use the funds to expand its set of end-to-end offerings and its expert global team.
Founded in 2014, phData is a large pure-play data engineering company certified as a Snowflake Elite Services Partner and an AWS Advanced Consulting Partner. Specializing in AI and data applications, phData offers services including data engineering, AI and machine learning, analytics, and visualization. and based in , phData serves the world’s top brands in the financial services, manufacturing, healthcare & life sciences, and retail & CPG industries.
