DareData achieves record growth in 2023

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Portuguese startup reports €3.1M in 2023, up 82%, with a target of €5M by the end of the year

Telco

Pharma

Banking

3.11.2024

1 min read

DareData, a Portuguese company specializing in Artificial Intelligence (AI) project development, announces a revenue of €3.1 million in 2023. This record revenue represents an 82% growth from 2022 to 2023. Established in 2019, the Portuguese startup has completed over 100 national and international projects and now serves 40 clients. This year, the company aims to reach €5 million in revenue.

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Recently recognized as “The Fastest-Growing Portuguese AI Company” by the Clutch 100 List for Fastest-Growing B2B Companies, DareData was the only Portuguese company to make this ranking. The company has been making significant strides in AI consulting and solutions. In 2023, DareData participated in high-profile projects, such as developing the first Portuguese chatbot in telecommunications with NOS, and creating a realistic avatar chatbot for AMA (Agência para a Modernização Administrativa) in collaboration with Microsoft Portugal. These projects join a portfolio that includes other prominent clients like Coca-Cola, EDP, and Fidelidade.

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“The past five years have been an incredible challenge and a journey of significant growth, of which we are very proud. We have cultivated a strong tech culture and built a network of experts with deep technical knowledge, allowing us to maintain trusted partnerships with clients and other entities who have supported us along the way. We will continue to be the Data & AI partner for companies, both in Portugal and beyond,” says Nuno Brás, Partner and Co-Founder of DareData Engineering.

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With a network of over 50 freelance specialists, DareData has a presence in more than five countries, including the United Kingdom, Brazil, and the United States. The company operates across various sectors, such as Pharmaceuticals, Telecommunications, Banking, Industry, Logistics, Government, FMCG, and Energy. DareData is committed to being a trusted partner for its clients in Generative AI, Machine Learning, and Data Infrastructure, upholding high standards of transparency and technical expertise.

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