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Total amount raised
$69.2M
Latest funding date
2023-07-12
Location
Tamr has successfully raised funds over 8 rounds, with the latest funding coming from a Venture - Series Unknown round. The company is backed by 24 investors, including recent investors 40 North Ventures and Granite Hill Capital Partners.
What Is Tamr?
Tamr is a private company based in Cambridge, Massachusetts, specializing in enterprise-grade data unification and AI-native master data management solutions. The company operates in the fields of Analytics, Data Integration, Database, and Enterprise Software.
With an employee count ranging from 101 to 250, Tamr focuses on helping organizations consolidate and streamline their data operations. Their platform leverages AI and machine learning to unify, clean, and enrich data in real-time, enhancing decision-making and operational efficiency.
How Much Funding Has Tamr Raised?
- Seed / Series A (Early Stage)
- Amount Raised: USD 3,750,000
- Date: February 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the founding and initial development of Tamr's data unification platform.
- Series A
- Amount Raised: USD 16,000,000
- Date: May 2014
- Lead Investors: Google Ventures (GV), New Enterprise Associates (NEA)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and market entry of Tamr's data unification platform.
- Series B
- Amount Raised: USD 25,200,000
- Date: June 2015
- Lead Investors: Not specified
- Participants: Hewlett Packard Ventures, Thomson Reuters, MassMutual Ventures, SineWave Ventures, Work-Bench Ventures, NEA (existing), Google Ventures (existing)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations.
- Strategic Investment (Undisclosed)
- Amount Raised: Undisclosed
- Date: May 2017
- Lead Investors: GE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strategic investment from a key customer to deepen the partnership and accelerate product development.
- Series B Extension
- Amount Raised: USD 18,000,000
- Date: July 2018
- Lead Investors: Not publicly specified
- Participants: SBI Investment, INTAGE Open Innovation Fund, Samsung Ventures, Fenox Venture Capital, Alumni Ventures Group, NEA (existing), GV (existing)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the platform's AI capabilities.
- Series B Extension (Additional Tranche)
- Amount Raised: USD 10,000,000
- Date: September 2018
- Lead Investors: Granite Hill Capital Partners, Pear Tree Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel continued rapid expansion, bringing total round to USD 28,000,000.
- Secondary Market
- Amount Raised: Undisclosed
- Date: July 2020
- Lead Investors: 40 North Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Undisclosed
- Date: June 2022
- Lead Investors: Dcode Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and government sector expansion.
- Series Unknown (Series C-1)
- Amount Raised: Undisclosed (reported as a strategic investment)
- Date: July 12, 2023
- Lead Investors: Alteryx Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Strategic investment from Alteryx Ventures to complement and expand Tamr's analytics and data management capabilities.
Total Amount Raised: At least USD 69,200,000 based on disclosed funding rounds (additional rounds with undisclosed amounts may increase this total; PitchBook estimates total at approximately USD 73,000,000).
Current Valuation: Not publicly disclosed
Key Investors
- Alteryx Ventures
- Details: Alteryx Ventures is the strategic investment arm of Alteryx, the analytics cloud platform company. They invest in companies that complement and expand Alteryx's analytics and data science products.
- Investment Focus Areas: Analytics, Data Science, AI, Enterprise Software
- Notable Investments: Tamr
- 40 North Ventures
- Details: 40 North Ventures is a venture capital firm that focuses on investing in innovative technology companies. They have a strong track record of supporting startups in their growth phases.
- Investment Focus Areas: Technology, AI, Data Analytics
- Notable Investments: Tamr, Desktop Metal, Carbon
- Granite Hill Capital Partners
- Details: Granite Hill Capital Partners is a private equity firm that invests in high-growth companies across various sectors, providing both capital and strategic support.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Tamr, Health Catalyst, ServiceTitan
- SBI Investment
- Details: SBI Investment is the venture capital arm of SBI Holdings, focusing on investments in innovative and high-potential companies with a global presence and diverse portfolio.
- Investment Focus Areas: Fintech, AI, Biotechnology
- Notable Investments: Tamr, Ripple, Brave
- Google Ventures (GV)
- Details: GV is the venture capital investment arm of Alphabet Inc. They invest in startups across various stages and sectors, providing both capital and expertise. GV co-led Tamr's Series A round.
- Investment Focus Areas: Technology, Life Sciences, Consumer Products
- Notable Investments: Tamr, Uber, Slack
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest venture capital firms, with a focus on helping entrepreneurs build transformational businesses. NEA co-led Tamr's Series A and participated in subsequent rounds.
- Investment Focus Areas: Technology, Healthcare, Energy
- Notable Investments: Tamr, Coursera, Robinhood
What's Next for Tamr?
As Tamr looks to the future, the company is poised to capitalize on the burgeoning big data analytics market, projected to be worth $42 billion. With a strong customer base that includes industry giants like Novartis and GE, Tamr's AI-powered data unification solutions are well-positioned to meet the growing demand for data-driven decision-making.
Given its successful track record in raising funds, Tamr is likely to attract further investment to expand its AI capabilities and market reach. The recent $10 million funding round and the addition of experienced board observers signal continued investor confidence and potential for future strategic partnerships or acquisitions.
However, Tamr will need to navigate challenges such as intense market competition and the need to continuously innovate to keep up with rapid technological advancements. Ensuring the scalability and reliability of their solutions to meet the needs of large enterprises will be crucial for sustained growth.
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