Copenhagen-based master data management platform CluedIn has raised $15 million in a Series A round in its effort to demystify data connectivity.
“The founding team at CluedIn has achieved something remarkable. Its incredibly strong tech team has developed a completely new approach to Master Data Management and the opportunity is vast, driven by the accelerating shift to cloud and ever-increasing pressure for enterprises to deliver faster and better data access and insights,” comments Dawn Capital senior principle Mina Mutafchieva.
CluedIn is expected to use the funding to continue expanding the product offering, up the headcount in sales and marketing, and is eyeballing a U.S. market entry.
Founded in 2015 by Tim Ward, Martin Hyldahl, and Pierre Derval, CluedIn connects the dots in big data architectures. Whereas traditional data management providers request that the customer manually fit their systems together in a predetermined fashion, CluedIn uses a graph database to automatically detect connectivity straight from the data source.
What this boils down to is the classic phrase, “time is money.” CluedIn allows firms to drastically cut down on their planning, reducing time spent at the drawing board from months to minutes. The service provides customers to plug in their data sources and immediately get a view of how all parts work together, as well as a workflow to begin realising the insights.
CluedIn already has deep integrations with Snowflake, Amazon, and Google, and counts healthcare giant Pfizer, SAP, and Coca-Cola as clients.
“It’s been a fantastic journey so far. We’re delighted to have gained the recognition of leading industry authorities and partners, and the endorsement of some of the most forward-thinking global customers,” comments CluedIn CEO Tim Ward.