Flatfile, a data onboarding software company, has secured USD35 million in Series A funding round led by Scale Venture Partners, with participation from Workday Ventures, plus previous investors including Afore Capital, Google’s AI-focused venture fund, Gradient Ventures, and Two Sigma Ventures
Among a list of powerful angels investing in this round you’ll find founders of Box, Looker, and Segment. This brings the company’s total funding to nearly USD45 million, USD42.6 million of which has been raised in just the last year. This latest infusion of capital will be used to accelerate the company’s expansion of its all-remote workforce, along with continued product development.
Flatfile provides software that helps businesses around the world automate the way they onboard data. From customer relationship management (CRM) tools to digital clinical testing platforms, Flatfile’s customers can easily ingest, normalise, and validate data from third parties – usually customers – ensuring it’s instantly usable in their systems. The company’s products automatically learn how imported data from third parties should be structured and cleaned, which enables customers to spend more time using data as opposed to fixing it.
In order to keep pace with escalating demand for its solutions, Flatfile will use this investment to significantly boost hiring. Since its founding, Flatfile has been focused on building a world-class team dedicated to solving difficult data problems – regardless of where they live.
Source: Private Equity Wire
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