Redpine raises €6.8M led by NordicNinja to build a licensed data API for AI agents
The round brings total raised to €9 million. Investors from OpenAI, Perplexity, and Spotify backed the seed. The platform operates as a headless API that lets AI agents query and pay for premium licensed datasets in real time, on a token-based model. Competitors include Scale AI, Appen, and Defined.ai, all annotation-first; Redpine is API-native.
TL;DR
- Redpine raised €6.8 million in new funding, with a total of €9 million raised to date.
- The startup offers a headless API for AI agents to query and pay for premium licensed datasets in real time.
- The platform uses a token-based model where costs scale with consumption.
- Redpine founders compare their model to Spotify's approach to music licensing to combat piracy.
- The company focuses on mission-critical domains where data accuracy is paramount, such as healthcare, legal, and financial markets.
- Key investors include those from OpenAI, Perplexity, and Spotify.
- Redpine differentiates itself from competitors like Scale AI and Appen by being API-native rather than annotation-first.