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Coalesce closed a $50 million Series B funding round co-led by Industry Ventures and Emergency Capital to standardize data and automate data transformation processes for Snowflake's Data Cloud product.

Apr 04, 2024over 1 year ago

Amount Raised

$50 Million

San FranciscoSoftwareInformation Technology

Investors

Emergency CapitalIndustry Ventures

Description

Coalesce, a San Francisco-based company, announced the closing of a $50 million Series B funding round co-led by Industry Ventures and Emergency Capital, bringing the startup’s total raised to $81 million. The funding is aimed to further develop and expand the platform's capability to standardize data and automate data transformation processes for Snowflake's Data Cloud product.

Company Information

Company

Coalesce

Location

1160 BATTERY STREET EAST

San Francisco, California, United States

About

Coalesce transforms how data teams work by simplifying data development and governance. The platform enables data practitioners of all skill levels to build, discover, and scale data projects with unprecedented speed and quality. Designed for flexibility, Coalesce empowers organizations to accelerate the delivery and consumption of trusted, enterprise-ready data—while reducing time and effort tenfold.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech