MENLO PARK, Calif., March 20, 2018 (GLOBE NEWSWIRE) -- ClearStory Data, the company transforming Enterprise-Scale Business Analytics in the front-office, so companies can leverage all their data assets for material business impact, today announced it has successfully closed a Series C funding round of nearly $15 Million. The round features DAG Ventures, existing investors including Kleiner Perkins, as well as a private investor.
Based on ClearStory’s proven success for any organization that has complex data assets and a burning need for business front-office impact and business control of insights, the company is poised to leverage the new funds to scale globally both through direct sales and an ecosystem of partners across North America, Europe and Asia. ClearStory’s AI-driven solution, purpose-built for large-scale front-office Business Analytics, has delivered major business impact across large Enterprise companies. All Enterprises purchasing ClearStory have done so not for just a single business case or business initiative, but for multiple business units each of which are of strategic importance to these companies.
The successes large customers have experienced span Global 2000 companies and notably Fortune 500 companies, across CPG, Retail, Media and Entertainment, Manufacturing and Healthcare. In all cases, the motivation to transform their business analytics is driven by the significant revenue upside achievable if their data assets are leveraged faster via AI-driven technology. ClearStory’s distinct innovation is in AI-driven complex data blending and Intelligent Data Harmonization™ as well as business auto-discovery of Insights through unique Discovery-based Interactive Storyboards™.
Pioneered by ClearStory Data and embedded in the company’s brand, the term ‘data storytelling’ is now also being widely adopted across the industry and serves to further validate the experience people want when seeing their data. Additionally, “Data Harmonization”, also pioneered by ClearStory, has now also been adopted as an industry term in Enterprises and Enterprise conversations. ClearStory not only spearheaded both technology innovations but delivers on the promise of business impact in the front-office.
“We are very excited to close this round to accelerate our growth and continue on the mission to transform business analytics in the front-office” said Sharmila Mulligan, Founder and CEO of ClearStory Data. “Today’s motivation to adopt new analytics solutions is largely driven by data complexity in the back-room and the urgent business need in the front-office to see information faster and do it in a way that is engaging and elegant for the business user while not burdening the business with the complexity of their data. That’s the mission we set out to achieve through our AI and machine-driven approach to business analytics. We are thrilled to see the customer response and the rapid adoption of ClearStory for major business initiatives, across both mid-sized enterprises and large enterprises and are well poised to expand our global reach.”
About ClearStory Data
Clearstory Data is transforming Enterprise-scale Business Analytics via machine-learning and AI so companies can empower their business users and business leaders to speed insights and discover more from their disparate data assets for material business impact. Clearstory is uniquely differentiated with modern capabilities across data prep via Data Inference, automated Intelligent Data Harmonization™, Instant Data Discovery, Auto-discovery of Business Insights in Collaborative StoryBoards™. Clearstory Data also is a pioneer in leveraging Apache Spark-based data processing to speed insights from large and complex data sources. The company is headquartered in Menlo Park, CA with offices across North America and backed by Andreessen Horowitz, DAG Ventures, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers (KPCB) and Private Investors. Visit www.clearstorydata.com and follow us on Twitter @ClearStoryData.
Media Contact
Scott Humphrey
MediaRelations@clearstorydata.com
650-322-2408