Lovelytics, an Arlington, VA-based data engineering and business intelligence consultancy, received an investment from Databricks Ventures and Interlock Equity.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate the growth of its team and expand its technical offerings related to enterprise data environment creation, AI and LLMs, business intelligence, data science, and cloud infrastructure.
Founded in 2017 by CEO Scott Love, Lovelytics provides strategy, data engineering and technology implementation services that enable global companies to optimize the management, governance and use of organizational data. Through partnerships with technology solution providers Databricks, Tableau and Alteryx, among others, the company helps companies manage and leverage structured and unstructured datasets to develop data-driven intelligence.
Scott Love and Lovelytics’ leadership team retained significant ownership and will continue to lead the business. Canaccord Genuity advised Lovelytics in the transaction.
FinSMEs
15/06/2023