explorium scores $75m series c just 10 months after b round
Explorium Secures $75 Million in Series C Funding
The development of precise predictive machine learning models hinges on the availability of high-quality data. Explorium, a firm dedicated to assisting data professionals in locating optimal data sources for their modeling needs, has recently announced a $75 million Series C funding round.
Investment Details and Board Addition
This investment arrives a mere ten months following their $31 million Series B announcement. Insight Partners spearheaded the current investment, with contributions from existing investors including Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors, and Dynamic Loop Capital.
To date, Explorium’s total funding reaches $127 million. George Mathew, a managing partner at Insight Partners and formerly the president and COO of Alteryx, will join the company’s board of directors.
Accelerated Growth During the Pandemic
According to co-founder and CEO Maor Shlomo, despite the hardships caused by COVID-19, the pandemic served as a catalyst for business expansion. The company experienced a fourfold increase in revenue last year, though specific figures were not disclosed.
Shlomo attributes this growth to the core function of their business: enabling enterprises and data scientists to discover novel data sources for addressing business challenges.
Shifting Data Needs and Platform Utility
During the pandemic, many organizations found their existing data inadequate for accurate predictive modeling. Consequently, a demand arose for new data sources to provide insights into market fluctuations and inform decision-making.
“Our platform essentially facilitates this process, and as a result, we’ve observed substantial growth over the past year,” Shlomo stated.
Expansion of Workforce and Office Locations
Fueled by revenue growth, Explorium has been rapidly expanding its team. The company employed 87 individuals as of last July; this number has now increased to 130.
Plans are in place to reach a workforce of 200 by the end of 2021 or early 2022, contingent on continued business performance.
Hybrid Workplace Strategy
Explorium maintains offices in Tel Aviv and San Mateo, California, and intends to establish a new location in New York City when feasible. While embracing workplace flexibility, the company plans a hybrid model, allowing employees to work remotely two days a week and in the office for the remaining three, adhering to local regulations.
Ron Miller
Ron Miller's Background in Technology Journalism
Ron Miller has a distinguished career as a journalist specializing in the technology sector. He most recently served as an enterprise reporter for TechCrunch, covering significant developments within the industry.
Early Career and Editorial Roles
Prior to his role at TechCrunch, Miller dedicated a substantial period as a Contributing Editor for EContent Magazine. His expertise was regularly featured in this publication.
Throughout his career, he has also contributed consistently to several other prominent technology publications.
- CITEworld was among the platforms where his insights were regularly published.
- He was a frequent contributor to DaniWeb, offering valuable perspectives on web development and technology.
- TechTarget also benefited from his reporting and analysis.
- Miller’s work appeared in Internet Evolution, focusing on the changing landscape of internet technologies.
- Furthermore, he contributed to FierceContentManagement, a resource for content management professionals.
Professional Disclosures
It is important to note Miller’s previous corporate blogging role at Intronis. During this time, he authored weekly posts addressing relevant IT concerns.
He has also provided content for a variety of corporate blogs, demonstrating a broad understanding of different technology companies.
- These included contributions to the blogs of Ness.
- He also wrote for Novell’s corporate blog.
- Miller participated in the IBM Mid-market Blogger Program, sharing insights targeted towards mid-sized businesses.