Anomalo, the complete data quality platform company, announced it has raised $33 million in Series B funding, enabling the company to continue to advance its platform and scale both engineering and go-to-market teams to support record demand for its platform.
This brings the total raised by the company to $72 million. The round was led by SignalFire with participation from strategic investor Databricks Ventures. Previous investors Norwest Venture Partners, Two Sigma Ventures and Foundation Capital also participated in this round.
“The world increasingly runs on data with companies large and small investing in the technologies they need to become more data informed and to leverage the power of new technologies like generative AI. As Jeremy and I suspected when we founded Anomalo, data quality has become an urgent issue in this new world. So, it’s gratifying that Anomalo has become a key component of the data journey for such a diverse set of enterprise customers,” said Elliot Shmukler, co-founder and CEO of Anomalo.
Anomalo was founded by Shmukler and Jeremy Stanley, CTO, who worked closely together at Instacart on data quality in order to help enterprises build confidence in the data they use to make decisions and build products.
The duo launched Anomalo in 2021 with its robust platform that uses AI to automatically detect issues and understand their root-causes before anyone else, allowing teams to resolve any hiccups with their data before making decisions, running operations, or powering models.
With the availability of metadata-based monitoring of the entire data warehouse, customers can also gain the peace of mind of knowing their entire data warehouse is covered broadly without incurring additional data warehouse costs, according to the company.
“We have been tracking the data observability and data quality sectors for years and after speaking with customers and the leading software vendors, it was clear to us that Anomalo has the best product approach in the market, demonstrated by their rapid growth in 2023,” said Chris Scoggins, general partner at SignalFire and new board director at Anomalo. “As more and more businesses across industries adopt data analytics into core processes, it’s imperative that the underlying data is actually current and correct. Anomalo ensures that enterprise customers have the highest quality data.”
For more information about this news, visit www.anomalo.com.