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Prague-Based Tech Innovator Apify Secures €2.8M to Fuel AI Data Mining Solutions

Prague, Czech Republic – April 16, 2024 – Apify, a pioneering force in web data extraction, announced today the successful closure of a €2.8 million funding round. This injection of capital, led by venture capital fund J&T Ventures with continued support from existing investor Reflex Capital, is set to propel Apify’s ambitious expansion plans in the realm of AI-driven data mining.

At the heart of Apify’s offering lies its cutting-edge web scraping platform, empowering enterprises to sift through vast swathes of online data with unprecedented ease and efficiency. By harnessing the power of artificial intelligence, Apify streamlines data extraction processes from websites, facilitating seamless integration into AI applications.

Since its inception in 2015 as part of the Y Combinator Fellowship in Mountain View, California, Apify has rapidly emerged as a frontrunner in the data mining arena. Notably, the company boasts a diverse clientele including industry titans such as Siemens, Intercom, Microsoft, T-Mobile, and Accenture.

Jan Čurn, founder and CEO of Apify, remarked, “Our decision to seek additional investment stems from a strategic vision to accelerate our growth trajectory while preserving our distinctive company ethos. With this infusion of funds, we are poised to fortify our market presence, attract new customers, and elevate Apify to new heights of success.”

Key areas earmarked for investment include marketing initiatives, product enhancement, and the nurturing of Apify’s burgeoning developer community. Furthermore, as part of its commitment to fostering a culture of innovation, the company has augmented its Employee Stock Ownership Plan (ESOP) to incentivize and reward its dedicated workforce.

Martin Kešner, representing J&T Ventures, expressed unwavering confidence in Apify’s potential, stating, “Apify has demonstrated remarkable prowess in developing groundbreaking technology and cultivating a robust global footprint. We are excited to partner with them on their journey to becoming a dominant force in the AI data mining landscape.”

With the infusion of fresh capital, Apify is poised to chart a course towards sustained growth, positioning itself as a frontrunner in the race to harness the transformative potential of AI-driven data mining solutions.

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