Explorium, a San Francisco, CA- and Tel Aviv, Israel-based data science platform, secured $19m in funding.
The funding comprises:
– a seed round of $3.6M led by Emerge with participation of F2 Capital, and
– a $15.5M Series A led by Zeev Ventures with participation from seed investors.
The company intends to use the funds to scale its platform.
Founded by Maor Shlomo, Or Tamir and Omer Har, Explorium provides a platform that connects a company’s internal data to thousands of external sources. It then extracts the most relevant features from these new data sources, and integrates them to power superior models. For example, lenders or insurers can use Explorium to automatically discover the most relevant predictive variables from thousands of new data sources, giving their risk prediction models an edge through financial, geographic, personal and commercial context.
The solution is now used across a wide spectrum of customers, from Fortune 100 companies to fast-growing startups.