Total amount raised
$82 Millions
Latest funding date
11/1/2024
Location
Anomalo has successfully raised significant funding over multiple rounds, attracting attention from notable investors such as Snowflake Ventures and SignalFire. The platform offers AI-powered automated data quality monitoring, ensuring rapid detection and resolution of data quality issues.
Keep reading to explore the intricacies of Anomalo's fundraising journey and the investors backing this innovative platform.
What Is Anomalo?
Founded in 2018, Anomalo is based in Palo Alto, California. The company specializes in AI-powered automated data quality monitoring, helping enterprises ensure the reliability of their data.
Co-founded by Elliot Shmukler and Jeremy Stanley, Anomalo's platform continuously inspects and validates data, detecting and resolving issues without the need for coding. This enables businesses to maintain high data quality standards effortlessly.
With a team of 51-100 employees, Anomalo integrates seamlessly with data lakes, warehouses, and other data tools, providing comprehensive data quality solutions for major enterprises.
How Much Funding Has Anomalo Raised?
- Seed Round
- Amount Raised: $6M
- Date: December 17, 2020
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their AI-powered data quality platform.
- Series A
- Amount Raised: $33M
- Date: October 28, 2021
- Lead Investors: Norwest Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale the team.
- Series B
- Amount Raised: $33M
- Date: January 23, 2024
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance the platform and scale engineering and go-to-market teams.
- Series B Extension
- Amount Raised: $10M
- Date: November 21, 2024
- Lead Investors: Smith Point Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet the growing demand for their platform.
Total Amount Raised: $82M. Current Valuation: Not publicly disclosed.
Key Investors
- SignalFire
- Details: SignalFire is a venture capital firm known for its data-driven approach to investing. They focus on leveraging AI and data analytics to identify promising startups.
- Investment Focus Areas: Technology startups, AI, data analytics.
- Notable Investments: Grammarly, Frame.io, Ro.
- Norwest Venture Partners
- Details: Norwest Venture Partners is a global venture capital and growth equity investment firm. They have a diverse portfolio spanning multiple sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Spotify, Plaid.
- Two Sigma Ventures
- Details: Two Sigma Ventures invests in early-stage technology companies. They are particularly interested in data science and AI-driven innovations.
- Investment Focus Areas: Data science, AI, technology-driven companies.
- Notable Investments: Zymergen, Rigetti Computing, Socure.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. They have a history of backing successful startups.
- Investment Focus Areas: Technology, consumer, enterprise software.
- Notable Investments: Netflix, LendingClub, Sunrun.
- First Round Capital
- Details: First Round Capital is a seed-stage venture firm that focuses on providing early investment to technology startups. They are known for their hands-on approach.
- Investment Focus Areas: Seed-stage technology companies.
- Notable Investments: Uber, Square, Warby Parker.
What's Next for Anomalo?
With record demand for its AI-powered data quality platform, Anomalo is poised to capitalize on significant growth opportunities. The company has seen a 177% year-over-year increase in annual recurring revenue and a doubling of Fortune 500 customers, indicating a robust market appetite for their solutions. Strategic partnerships with tech giants like Databricks, Google Cloud, and Snowflake further amplify their growth potential.
As Anomalo continues to scale, future fundraising rounds seem likely to support their expanding operations and platform enhancements. However, challenges such as maintaining rapid growth, staying ahead of competitors, and ensuring seamless integration with various data tools will be critical to their sustained success.
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