Total amount raised
$23.3 Millions
Latest funding date
05/01/2023
Location
Stardog has successfully raised significant funding over multiple rounds, establishing itself as a key player in the enterprise knowledge graph platform space. The platform offers advanced features like data virtualization and a high-performance graph database, catering to various use cases such as Analytics Modernization and Drug Discovery.
Keep reading to explore the intricacies of Stardog's fundraising journey and the investors backing this innovative platform.
What Is Stardog?
Stardog operates in the Data Management and Analytics industry, specializing in enterprise knowledge graphs and AI data assistants. The company is located at 413 W 14th St., Suite 200 New York, NY 10014, and 2101 Wilson Blvd. Arlington, VA 22201.
Stardog's platform helps organizations streamline data analytics, access data from various sources without moving or copying it, and uncover hidden insights. The company serves multiple industries, including financial services, government, life sciences, and manufacturing, offering solutions for analytics modernization, data fabric, data lake acceleration, drug discovery, operational risk, and supply chain management.
How Much Funding Has Stardog Raised?
- Seed Round
- Amount Raised: $2.3M
- Date: July 2016
- Lead Investors: Core Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their enterprise knowledge graph platform.
- Series A
- Amount Raised: $6M
- Date: October 2017
- Lead Investors: Grotech Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product development and market reach.
- Series A
- Amount Raised: $3M
- Date: January 2018
- Lead Investors: Tenfore Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their platform capabilities and support customer acquisition.
- Series B
- Amount Raised: $9M
- Date: October 2019
- Lead Investors: Tenfore Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
- Series B
- Amount Raised: $3M
- Date: May 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale go-to-market operations, expand EU operations, strengthen work in the public sector, and develop tools and partnerships to broaden access to knowledge graphs.
- Venture Round
- Amount Raised: Not disclosed
- Date: May 2023
- Lead Investors: Accenture Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market presence and enhance their platform's capabilities.
Total Amount Raised: $23.3M
Current Valuation: Not publicly disclosed
Key Investors
- Core Capital Partners
- Details: Core Capital Partners is a venture capital firm that invests in early-stage technology companies. They focus on providing growth capital to companies with innovative solutions.
- Investment Focus Areas: Technology, software, telecommunications
- Notable Investments: In-Q-Tel, Sourcefire, Infinite Power Solutions
- Grotech Ventures
- Details: Grotech Ventures is a venture capital firm that partners with entrepreneurs to build market-leading technology companies. They have a long history of successful investments in the tech sector.
- Investment Focus Areas: Enterprise software, IT infrastructure, digital media
- Notable Investments: LogRhythm, LivingSocial, BroadSoft
- Tenfore Holdings
- Details: Tenfore Holdings is a private investment firm that focuses on growth-stage companies. They provide strategic support and capital to help companies scale.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- Accenture Ventures
- Details: Accenture Ventures is the venture capital arm of Accenture, investing in companies that create innovative enterprise technologies. They aim to bridge the gap between startups and large enterprises.
- Investment Focus Areas: Artificial intelligence, cybersecurity, cloud computing
- Notable Investments: Ripjar, Synadia, Reactive Technologies
- Contour Venture Partners
- Details: Contour Venture Partners is a venture capital firm that invests in early-stage companies. They focus on building long-term relationships with entrepreneurs.
- Investment Focus Areas: Fintech, enterprise software, digital media
- Notable Investments: OnDeck, BounceX, Movable Ink
What's Next for Stardog?
Stardog is poised to capitalize on several significant opportunities, including scaling its go-to-market operations and expanding its presence in the European Union. The company is also strengthening its work in the public sector and developing new tools and partnerships to broaden access to knowledge graphs. These initiatives are backed by substantial financial support, with the recent extension of their Series B funding round bringing the total to $11.4 million.
Future fundraising opportunities appear promising, given the successful extension of the Series B round. This financial backing positions Stardog well for continued growth and potential future rounds. However, the company may face challenges such as effectively scaling operations in new markets, maintaining partnerships, and competing with other data integration platforms. Adapting to regulatory and market conditions in the EU and public sector will also be crucial for their success.
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