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Founded By Instacart Veterans, Anomalo Launches To Help Enterprises Trust Their Data With A $33 Million Series A Led By Norwest Venture Partners

Oct 28, 2021almost 4 years ago

Amount Raised

$33 Million

Round Type

series a

Palo Alto

Description

Today Anomalo, the complete data quality platform company, formally launched with its product that helps teams trust the data they use to make decisions and build products. Anomalo’s customers include some of the biggest brands like BuzzFeed, Discover Financial Services and Substack. The company has exceeded 7-figures of annualized recurring revenue, tripling its revenue over the last quarter.

Company Information

Company

Anomalo

Location

Palo Alto, California, United States

About

The company has exceeded 7-figures of annualized recurring revenue, tripling its revenue over the last quarter. But every data-driven company quickly encounters one unfortunate fact: much of their data is missing, stale, corrupt or prone to unexpected and unwelcome changes. The round was led by Norwest Venture Partners with Two Sigma Ventures, Foundation Capital, First Round Capital and Village Global participating. “Data is only useful if it’s accurate but data warehouses and BI tools don’t provide any validation so every company struggles with data quality. The company plans to use the money to rapidly grow its engineering and sales teams to keep up with customer demand. Customers on Anomalo BuzzFeed uses Anomalo to catch changes in their most important data sets and metrics. Compared to legacy solutions, Anomalo will help us detect more quality issues with just a fraction of the time invested by our team.” Substack uses Anomalo to empower their small team to keep up with an ever growing collection of data. Mike Cohen, Substack’s Data Manager, said: “With a small data team at Substack, the automated checks that Anomalo provides are like having another data engineer on the team whose primary focus is to ensure data quality and integrity.

Funding Insights

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