Total amount raised
$157.1 Million
Latest funding date
03/01/2018
Location
Data.ai has successfully raised funding over 7 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 11 investors, including Pegasus Tech Ventures and Greycroft.
Keep reading to explore the intricacies of Data.ai's fundraising journey and the investors backing this innovative platform.
What Is Data.ai?
Data.ai, based in San Francisco, California, is a prominent player in the mobile data and analytics industry. The company operates as a private entity and has been acquired by Sensor Tower. It employs between 501 and 1000 people.
Specializing in analytics, artificial intelligence, big data, and information technology, Data.ai provides insights to help businesses succeed in the app economy. The company has raised multiple rounds of venture funding and has acquired several organizations to enhance its capabilities.
How Much Funding Has Data.ai Raised?
- Series A
- Amount Raised: USD 1,000,000
- Date: July 2011
- Lead Investors: IDG Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and support initial growth.
- Series B
- Amount Raised: USD 6,000,000
- Date: August 2012
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product offerings.
- Series C
- Amount Raised: USD 15,000,000
- Date: September 2013
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate market penetration.
- Series D
- Amount Raised: USD 17,080,000
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and further product development.
- Series D
- Amount Raised: USD 55,000,000
- Date: January 2015
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel international expansion and enhance analytics capabilities.
- Series E
- Amount Raised: USD 63,000,000
- Date: January 2016
- Lead Investors: Greenspring Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth, avoid diluting stakeholders, and delay IPO plans.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and support ongoing operations.
Total Amount Raised: USD 157,080,000
Current Valuation: Not publicly disclosed
Key Investors
- Greenspring Associates
- Details: Greenspring Associates is a venture capital firm that led Data.ai's Series E funding round. They focus on providing growth equity and venture capital investments.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Grubhub, Chewy, The RealReal.
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital and growth equity firm. They participated in Data.ai's Series D funding round.
- Investment Focus Areas: Technology, media, and internet sectors.
- Notable Investments: Twitter, Dropbox, Snap.
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that has backed Data.ai in multiple funding rounds. They invest in seed, early, and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
- Greycroft
- Details: Greycroft is a venture capital firm that participated in Data.ai's Series B funding round. They focus on early and growth-stage investments.
- Investment Focus Areas: Technology, media, and consumer sectors.
- Notable Investments: Venmo, Braintree, Scopely.
- IDG Capital
- Details: IDG Capital is a global investment firm that led Data.ai's Series A funding round. They invest in a wide range of sectors and stages.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Xiaomi, Tencent, Meituan.
What's Next for Data.ai?
Data.ai stands at the cusp of significant growth opportunities, driven by the increasing demand for app analytics. With plans to expand its employee base and potential for strategic acquisitions, the company is well-positioned to capitalize on market trends. The recent funding round provides a solid foundation for these initiatives, allowing Data.ai to delay an IPO and focus on enhancing its service offerings.
Future fundraising opportunities appear promising, especially with the strategic guidance from industry veterans like NetSuite CEO Zach Nelson. This could pave the way for more acquisitions, further strengthening Data.ai's market position. However, the company must navigate challenges such as managing rapid growth and staying ahead of competitors. Continuous innovation will be key to maintaining its edge in the competitive analytics landscape.
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