Israeli automated data discovery platform Explorium announced that it has closed a $ 75 million Series C financing round led by Insight Partners, with existing investors Zeev Ventures, Emerge, F2 Capital, 01 Advisors, Dynamic Loop Capital, Vintage and Fort Ross Ventures. This brings the total raised by Explorium to $ 127 million. The company has developed an external data platform that automatically detects thousands of related data signals and uses them to improve analytics and machine learning. Explorium’s external data platform analyzes data models, searches its wide range of thousands of external data signals and automatically detects the most relevant signals for improved analytics and machine learning. Data scientists and business analysts can quickly enrich their predictive models with external data, measure performance boost and deploy models with a few keystrokes, while making sure all data is in compliance with current regulations. Related materials Israeli data discovery company Explorium has raised $ 31 million since the start of the epidemic, Explorium has more than doubled its customer base and more than quadrupled its revenue. Companies like BlueVine, GlassesUSA.com, Melio and PepsiCo are using Explorium to optimize AI models for use cases including key scoring, identifying hypothetical risks and fraud, and upscaling analytics like forecasting demand and lifetime value for the customer. Explorium was founded in 2017 by Omar Har, Ur Tamir and CEO Mawer Shlomo, Shlomo said, “As we saw last year, machine learning models and tools for advanced analytics are just as good as the data behind them. Enough.We are addressing a critical need for business, directing data scientists and business leaders to signals that will help them make better forecasts and achieve better business results. ”Posted by Globes, Israel business news – en.globes.co.il – May 18, 2021 © Copyright Copyright by Globes Publisher Itonut (1983) Ltd. 2021
Data exploration company Explorium collects $ 75 million
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