10 February 2022
Promethium, a next-generation collaborative analytics platform for business users and data teams, today announced that it has raised US$26 million in a Series A round led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors 406 Ventures and Zetta Venture Partners. The new round brings the Menlo Park–based startup’s total funding to US$34.5 million since its 2018 inception. Promethium will use the funding to scale new customer growth by building its sales and marketing efforts and continuing to innovate its products which are already being used by leading enterprises around the world.
Promethium helps data and analytics teams work smarter so they can stay ahead of growing data volumes and business needs. It’s groundbreaking patented data profiling technology reimagines data analytics by enabling more people to leverage data without having a deep technical understanding of the data infrastructure or waiting for data engineers. Unlike other solutions, there is no requirement to first centralize data with ETL, pre-build models or create reports. It is a true ad-hoc self-service data and analytics solution for everyone.
Read the full article at CDO Magazine.