Addressing a key challenge in data-driven industries, effective data extraction from third-party systems, Berlin-based GraphCMS has raised $10 million in a new funding round. The startups’ solution cuts out the middleware and connects siloed data from a wide range of sources into a single API. The new funding is expected to help expand the company’s market presence in both Europe and the US. To date, GraphCMS has raised $13.7 million.
Founded in 2017, GraphCMS’s “Content Federation” API solution offers data-driven companies the ability to access any source of data on any front end of their choosing. Put simply, this means that content can be sourced from just about anywhere and then presented to an end-user on any device. This methodology can then be applied across engineering teams, content creators, and business units. Client BioCentury's CTO David Smiling reported, "The time to market has drastically reduced from over 2 weeks to 3-4 days."
Since its initial seed funding in July of 2018, the startup has seen an 80x growth in revenues, and now counts brand names including high-end audio products corporation Shure, ed-tech platform 2U Inc., Telco Telenor, and two European government bodies amongst its client base.
“There has been a significant shift in the way content is being created, delivered, and consumed, with enterprises grappling to keep up with the fast-paced requirements of the omnichannel world. Data from microservices is vital for companies from all sectors,” commented CEO and co-founder Michael Lukaszczyk. “Our technology stack provides digital teams with a solution to the thorny issue of siloed data integration. This is huge in terms of accelerating the product development cycle, saving enterprises time and money, and enabling them to better serve their customers.”
GraphCMS’s Series A round was led by OpenOcean, with previous investors Peak and Paua Ventures also participating. Mango Capital’s Robin Vasan, Fauna founder and CTO, Evan Weaver, and Instana founder and CEO Mirko Novakovic also joined this round.