Explorium, a San Mateo, Calif.-based provider of an External Data platform that automatically discovers thousands of relevant data signals and uses them to improve analytics and machine learning, closed a $75M Series C funding round.
The round, which brought total funding raised to date to more than $127M, was led by Insight Partners, with participation from Fort Ross Ventures, Vintage Investment Partners, Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors and Dynamic Loop Capital. In conjunction with the funding, George Mathew, Managing Director at Insight Partners and former President & COO of Alteryx, joined Explorium’s board of directors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Maor Shlomo, CEO, Explorium provides an External Data Platform that analyzes data models, searches its wide collection of thousands of external data signals and automatically discovers the most relevant signals to improve analytics and machine learning.
Companies like BlueVine, GlassesUSA.com, Melio and PepsiCo use Explorium to enhance AI models for use cases including lead scoring, identifying default risk and fraud and upleveling analytics such as demand forecasting and customer lifetime value.
In addition to its ML Engine for automated external data discovery and feature engineering, Explorium has released Signal Studio, a new product that enables data and business analyst teams to quickly find and integrate the most relevant external data signals to their analytics pipelines.
FinSMEs
18/05/2021