DareData will close 2024 with a 5% revenue growth compared to 2023. At first glance, given the rapid growth in our market, one might be tempted to classify this year as underwhelming. However, 2024 has been a transformative year for us.

We started the year as a 100% consulting business. Consulting is highly dependent on people, and in small boutique firms like ours, this often means being heavily reliant on the partners. After four years of doubling our revenue, our motto for 2024 was structure—building the foundation necessary to enable DareData’s growth to the next level.

One of our primary objectives was to ensure no projects were directly managed by partners. To achieve this, we focused on creating a new layer of leadership composed of principals and tech specialists.

  • Principals: These are leaders capable of independently managing over €300,000 in recurring business.
  • Tech Specialists: These individuals ensure that projects meet high technical standards, foster technical growth within the team, and position DareData as a leading brand in Data Science (DS) and Data Engineering (DE).

By relieving partners of day-to-day project management, we noticed another challenge: we were still spread too thin across all areas of the company. To address this, we reorganized ourselves based on where we could deliver the most value:

  • I am now focused on Technology and Finance,
  • Ivo is overseeing Marketing and Human Resources, and
  • Nuno is leading Product and Sales.

Another significant milestone was restructuring our cap table. We brought in a new shareholder, NOS, which enabled has been helping us to professionalize DareData further.

Lastly, we are no longer a 100% consulting business. This year, we began building Gen-OS, our first product. Gen-OS is the AIOps platform that will bridge the gap between humans and artificial intelligence at the core of companies' operations.

With these changes, DareData is well-positioned for an incredible 2025—a year that will be markedly different from any before, full of new challenges and opportunities. We’re confident that the structure we’ve built in 2024 will set the stage for sustained success and innovation.