Outlier, an Oakland, CA-based automated business analysis company, closed its $6.2M Series A financing.
The round was led by Ridge Ventures (formerly IDG Ventures USA) and including 11.2 Capital, with participation from existing investors First Round Capital, Homebrew, Susa Ventures and SV Angel. As part of the round, Ridge Ventures Co-Founder and Managing Director Alex Rosen and Homebrew Partner Satya Patel will be joining the Outlier Board of Directors.
The company intends to use the funds to respond to increased demand, growing its headcount while continuing to develop its AI product offering.
Led by Sean Byrnes, CEO and co-founder, newly hired VP of Sales, Todd Fitzgerald and Head of Marketing Jennifer Ellard, Outlier provides a patent-pending platform that finds insights across the entirety of business data, allowing users to identify relationships impossible to find manually. Adding any integration only takes minutes, and each integration allows companies to learn more about different aspects of their business.
Large enterprise customers have dozens of users across many functions, ranging from marketing to product development.