Explorium, a Tel Aviv, Israel- and San Mateo, Calif.-based data science platform powered by automated data discovery, secured an additional $31M in Series B funding.
The round, which brought total funding to $50m, was led by existing investor Zeev Ventures, joined by 01 Advisors and Dynamic Loop, with the participation of seed investors Emerge and F2 Capital.
The company will use the new funds to continue its expansion to new business verticals and geographic markets, growing its data catalog and hiring more data science and commercial talent.
Founded by Maor Shlomo, Or Tamir, and Omer Har, Explorium allows companies to build predictive models by connecting their internal data to thousands of external data sources (including company, geospatial, behavioral, time-based, website data, and more), and then automatically uncovering hidden connections and generating custom signals and new data science ‘features’ that make predictions more accurate. In addition to its Data Engine, either as a standalone product or integrated into its advanced data science platform, the company helps organizations through their machine learning and artificial intelligence transformations.
Recent customers include online small-business lender OnDeck, global media agency CrossMedia, small business banking provider BlueVine, online eyewear retailer GlassesUSA, and small business loan provider Behalf. Explorium has also partnered with organizations including Amazon Web Services, cloud data platform Snowflake, and data-driven strategy and consulting firm Nova Consulting.