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VentureBeat
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Carbon Arc offers a marketplace for buying and selling licensed, real world transaction data to power LLMs and enterprise applications
- Carbon Arc is a startup with $55 million in seed funding that aims to provide a marketplace for buying and selling licensed real world transaction data for AI applications and enterprise models.
- The company's goal is to help businesses consume, trade, and integrate structured intelligence efficiently without the hassles of traditional data acquisition methods.
- It was founded in March 2021 and focuses on transforming unstructured, siloed datasets into AI-ready insights through its proprietary ontology framework.
- Carbon Arc addresses the issue of vast amounts of private data being locked within corporate silos, and aims to make this data available on demand for decision-makers.
- The platform creates a structured market for data, treating it as a financial asset and introducing price discovery, demand discovery, and real-time access.
- Consumption-based pricing is offered, allowing businesses to pay per-megabyte for the insights they use, while a wallet structure is introduced for better spending control.
- The platform is already being used in various industries, offering real-time intelligence, API connectivity, and interactive data visualizations.
- It addresses challenges faced by retailers, enterprise analytics users, software developers, and data scientists by simplifying data handling and offering timely insights.
- By turning data into a tradable asset, Carbon Arc aims to make real-time insights more accessible and cost-effective, potentially reshaping AI, finance, and business intelligence.
- With a focus on redundancy, the company ensures data backup in multiple locations to safeguard against pricing hikes or supply disruptions.
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