Total amount raised
$95 Millions
Latest funding date
12/01/2018
Location
AtScale has successfully raised significant funding over multiple rounds, establishing itself as a key player in the data and analytics software industry. The platform offers a universal semantic layer that connects various data sources to AI and BI tools without the need to move data.
Keep reading to explore the intricacies of AtScale's fundraising journey and the investors backing this innovative platform.
What Is AtScale?
AtScale operates in the Business Intelligence (BI) and Data Analytics Software industry. The company offers a universal semantic layer platform that allows businesses to connect any data source to AI and BI tools without the need to move data.
AtScale's platform emphasizes data democratization, governance, cloud cost management, and performance optimization. It supports various data sources and BI tools, fostering collaboration between data engineers and business analysts. The company aims to deliver consistent metrics and ultra-fast queries for modern analytics.
How Much Funding Has AtScale Raised?
- Seed Round
- Amount Raised: $2M
- Date: Sep 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $7M
- Date: Jun 2015
- Lead Investors: UMC Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $11M
- Date: May 2016
- Lead Investors: Comcast Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance the platform's capabilities.
- Series C
- Amount Raised: $25M
- Date: Oct 2017
- Lead Investors: Atlantic Bridge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To modernize the Business Intelligence market and expand market presence.
- Series D
- Amount Raised: $50M
- Date: Dec 2018
- Lead Investors: Morgan Stanley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and support global expansion.
Total Amount Raised: $95M. Current Valuation: Not publicly disclosed.
Key Investors
- Morgan Stanley
- Details: Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management, and investment management services. The firm operates in over 41 countries and has more than 60,000 employees.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Uber, Airbnb, Facebook.
- Atlantic Bridge
- Details: Atlantic Bridge is a global growth equity technology firm with over $1 billion of assets under management. The firm focuses on investing in technology companies in Europe and the US.
- Investment Focus Areas: Technology, software, hardware.
- Notable Investments: Swrve, FieldAware, Movidius.
- Comcast Ventures
- Details: Comcast Ventures is the venture capital affiliate of Comcast Corporation, focusing on investing in innovative technology and media companies. The firm leverages Comcast's resources to help portfolio companies grow.
- Investment Focus Areas: Media, entertainment, technology.
- Notable Investments: Nextdoor, FanDuel, Houzz.
- UMC Capital
- Details: UMC Capital is a venture capital firm that invests in early to growth-stage technology companies. The firm is known for its strategic investments in innovative technologies.
- Investment Focus Areas: Technology, innovation, software.
- Notable Investments: Not publicly disclosed.
- Storm Ventures
- Details: Storm Ventures is a venture capital firm that invests in early-stage enterprise software companies. The firm focuses on helping startups scale and succeed in the competitive tech landscape.
- Investment Focus Areas: Enterprise software, SaaS, cloud computing.
- Notable Investments: Marketo, MobileIron, Talkdesk.
What's Next for AtScale?
AtScale stands at the cusp of a significant opportunity to revolutionize the Business Intelligence market. By providing a universal semantic platform for Big Data, the company enables enterprises to access and utilize data more effectively. This shift from siloed data management to a more integrated approach can unlock vast potential, as only a small fraction of captured data currently reaches decision-makers.
With the successful completion of its $25M Series C round, AtScale is well-positioned for future fundraising opportunities. The growing demand for self-service BI models and the need for data security and consistency present a fertile ground for expansion. However, the company must navigate challenges such as balancing self-service capabilities with data governance and overcoming traditional data management practices.
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