Unifi Secures $17.5m in series B funding from scale venture partners
Unifi Software, the only self-service catalog and prep tool combined in a cloud-optimized Data as a Service platform, today announced it has secured $17.5m in series B funding led by Scale Venture Partners.
Existing investors Canaan Partners and Pelion Partners also invested in the round, which brings total funding to the organization to $32m.
“The self-service model of the data & analytics ecosystem is the fastest-growing and will strategically impact every enterprise,” said Andy Vitus, a partner at Scale Venture Partners.
“We thoroughly researched the category and recognized there are first-generation tools that have failed to address the real needs of the business user. Unifi’s approach to the problem of self-service data is dramatically different, and it’s clear to us from the quick traction they have received in the market that enterprise customers recognize and value the differentiation.”
Unifi’s Data as a Platform breaks down the barriers of operational data silos – where data is stored – and democratizes information across enterprises. At the heart of the platform is a comprehensive suite of self-service data discovery and preparation tools to empower business users. By using machine learning and artificial intelligence (AI) technologies, and optimized for the cloud, Unifi predicts what the business user wants to visualize and then connects the resulting data natively to the BI tool for fast, accurate results.
Unify is a tool for business analysts at Global 2000 companies including AT Kearney, Boston Biomedical, Compassion First, Essentra, Havas, Microsoft, MoneyGram, Sabre, and West County Health Centers. The company is on track to serve over 200 customers by the end of the year. Governed by IT but operated by business users at all levels Unifi alleviates data bottlenecks and delivers faster business insights.
“Receiving the endorsement from an investment partner like Scale is a validation of the path we have taken with Unifi and of our vision for the future for Data as a Service,” said Rob Carlson, CEO, Unifi Software.
“This investment will allow us to accelerate development, expand our sales team and market awareness to realize that vision sooner.”