# Nomad Data

> Nomad Data is a New York-based AI platform that helps companies find, buy, and understand external data. Founded in 2020 by Brad Schneider and Justin Manikas, it began as a marketplace matching data buyers to a network of thousands of providers - buyers submit a use case, and providers respond with data that can actually solve it. The platform has since expanded into an AI layer for reading unstructured documents (its Doc Chat product) and managing data relationships, serving hedge funds, private equity, insurance, and asset-management firms that spend heavily on third-party data.

- **Founded:** 2020
- **Headquarters:** New York, United States
- **Founders:** Brad Schneider (Co-founder & CEO), Justin Manikas (Co-founder & VP Partnerships)
- **Team size:** ~15 employees
- **Products:** Connect, Doc Chat, Data Relationship Manager
- **Notable:** Grew its provider network past 4,000 and on to 5,300+ data providers, Raised a $3.2M seed round led by Struck Capital with participation from Bloomberg Beta, Achieved SOC 2 and HIPAA compliance for handling sensitive enterprise data

## Products & services

- **Connect** — A marketplace and matching engine connecting buyers to 5,300+ external data providers. Buyers submit a use case; providers respond only with data that addresses it, so buyers see relevant offerings instead of endless catalogs.
- **Doc Chat** — An AI product that extracts insights from unstructured text across thousands of documents in minutes, cited as achieving 99% recall and precision and cutting manual effort by roughly 80%.
- **Data Relationship Manager** — Tools to track data vendors, interactions, evaluations, and spend - helping teams manage and audit their external-data relationships internally.

## Achievements

- Grew its provider network past 4,000 and on to 5,300+ data providers
- Raised a $3.2M seed round led by Struck Capital with participation from Bloomberg Beta
- Achieved SOC 2 and HIPAA compliance for handling sensitive enterprise data
- Reports 75% faster turnaround and ~80% reduction in manual effort in document-driven workflows via Doc Chat

## Latest updates

- **2022-12** — Closed a $3.2M seed round led by Struck Capital.
- **2024-08** — Expanded from a data marketplace into an AI platform, launching Doc Chat for unstructured-document insight extraction.
- **2025-01** — Provider network surpassed 5,300 external data providers.

## Links

- Website: https://nomad-data.com
- LinkedIn: https://www.linkedin.com/company/nomad-data
- Twitter/X: https://twitter.com/nomaddata
- YouTube: https://www.youtube.com/watch?v=I00aj_QOI9c

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Profile page: https://yespress.io/nomad-data
Published by YesPress — https://yespress.io
Last updated: 2026-07-03