Total amount raised
$69.2 Millions
Latest funding date
9/1/2018
Location
Tamr has successfully raised significant funding over multiple rounds, attracting a diverse group of investors including 40 North Ventures and Granite Hill Capital Partners. The company's AI-native Master Data Management solutions have garnered attention for their innovative approach to data unification.
Keep reading to explore the intricacies of Tamr's fundraising journey and the investors backing this transformative platform.
What Is Tamr?
Tamr, founded in 2012, is an enterprise data unification company based in Cambridge, Massachusetts. The company was established by Andy Palmer, Ihab Ilyas, and Mike Stonebraker, along with George Beskales, Daniel Bruckner, and Alex Pagan.
Specializing in AI-native Master Data Management (MDM), Tamr offers a platform designed to consolidate and streamline data operations. Their solutions include Customer 360, CRM Consolidation, and Entity Resolution, among others.
With a team of 101-250 employees, Tamr continues to innovate in the field of data unification, helping organizations manage and enrich their data efficiently.
How Much Funding Has Tamr Raised?
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to establish the company and develop its core technology.
- Funding Round: Series A
- Amount Raised: $16M
- Date: May 2014
- Lead Investors: Google Ventures, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Funding Round: Series B
- Amount Raised: $25.2M
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2017
- Lead Investors: GE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product innovation.
- Funding Round: Series B
- Amount Raised: $18M
- Date: July 2018
- Lead Investors: SBI Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the company's AI-powered data unification solutions.
- Funding Round: Venture Round
- Amount Raised: $10M
- Date: September 2018
- Lead Investors: Granite Hill Capital Partners, Pear Tree Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel future growth and continue rapid expansion.
- Funding Round: Secondary Market
- Amount Raised: Not publicly disclosed
- 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.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product innovation.
Total Amount Raised: $69.2M
Current Valuation: Not publicly disclosed
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It focuses on funding startups in various stages of development.
- Investment Focus Areas: Technology, Life Sciences, Consumer Products
- Notable Investments: Uber, Slack, Nest
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies. It has a long history of supporting innovative startups.
- Investment Focus Areas: Technology, Healthcare, Energy
- Notable Investments: Coursera, Robinhood, 23andMe
- SBI Investment
- Details: SBI Investment is a venture capital firm based in Japan, part of the SBI Holdings group. It focuses on investing in high-growth sectors.
- Investment Focus Areas: Fintech, Biotechnology, IT
- Notable Investments: Ripple, Brave, R3
- Granite Hill Capital Partners
- Details: Granite Hill Capital Partners is a venture capital firm that invests in early to growth-stage companies. It aims to support innovative and high-potential startups.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Not publicly disclosed
- 40 North Ventures
- Details: 40 North Ventures is a venture capital firm that focuses on investing in industrial technology companies. It is part of the Standard Industries family of companies.
- Investment Focus Areas: Industrial Technology, Advanced Materials, Energy
- Notable Investments: Not publicly disclosed
What's Next for Tamr?
As Tamr continues to innovate in the AI-powered data analytics space, the company is poised to capitalize on the $42 billion big data analytics market. With a growing list of high-profile clients like Novartis and Toyota, Tamr's technology is set to drive significant digital transformation through DataOps, offering substantial strategic and operational benefits to large enterprises.
Future fundraising opportunities appear promising, given the ongoing investor interest and the substantial market size. However, Tamr will need to navigate challenges such as intense competition and ensuring the scalability of their solutions. Maintaining high customer satisfaction will be crucial as they expand their market reach and enhance their AI capabilities.
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