Anomalo’s Series B and the Future of Enterprise Data Quality
January 23, 2024
We’re excited to announce our $33M Series B round, led by SignalFire and joined by strategic investor Databricks Ventures, to accelerate our industry-leading data quality platform.
Since our inception in 2018, Anomalo has been driven by a singular vision: to empower enterprises to fully trust and leverage their data. We allow teams to resolve data hiccups before they impact critical decisions, operations, or models. By using AI, Anomalo allows organizations to generate reliable insights from their data rather than wondering how much they can trust it.
Our cofounders, Elliot Shmukler (CEO) and Jeremy Stanley (CTO), worked closely together at Instacart tackling data quality issues. They recognized early on that in a world increasingly dependent on data, high-quality data is not just necessary but critical to make informed decisions and leverage the power of new technologies like generative AI. This foresight has been validated by Anomalo’s exceptional growth, demonstrating the market need for an automated data quality solution.
In the past year, we’ve achieved record growth, ending fiscal Q3 with 177% ARR growth year-over-year. We’ve seen significant traction with large enterprises, doubling our Fortune 500 customers in Q3 alone. We are honored to work with some of the biggest brands like Block, BuzzFeed, Keller Williams, Casey’s, Discover Financial Services, Notion, and The College Board.
Anomalo stands out with its innovative data quality management platform, combining comprehensive data observability, AI-driven monitoring, and automated root-cause analysis. This unique approach enables enterprises to proactively detect and resolve data quality issues, ensuring the integrity of their operational processes, analytics, and AI models. By leveraging machine learning, our platform rapidly assesses diverse data sets with minimal manual intervention. Our strategic partnerships with industry leaders like Databricks, Google Cloud, Snowflake, and Alation significantly enhance Anomalo’s capabilities, establishing the platform as an essential tool for businesses prioritizing high-quality data.
Our $33M Series B funding round, led by SignalFire with strategic investor Databricks Ventures, brings our total raised to $72M. We’re delighted to welcome Chris Scoggins of SignalFire to our board, who brings 25 years of founder and operating experience including scaling Datalogix through its $1.2 billion acquisition by Oracle. The round also saw continued support from previous investors Norwest Venture Partners, Two Sigma Ventures, and Foundation Capital, reaffirming their confidence in our vision.
With this new funding, we will continue to advance our platform and scale the engineering and go-to-market teams to keep up with record demand. We are excited to support enterprises to ensure they have the highest quality data.
To learn more about Anomalo and how our data quality platform can revolutionize your data management, request a demo with a member of our team today.