MENLO PARK, CA, Promethium, a next-generation collaborative analytics platform for business users and data teams, has raised $26 million in a Series A round.
The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors .406 Ventures and Zetta Venture Partners. The new round brings the Menlo Park-based startup's total funding to $34.5 million since its 2018 inception. Promethium will use the funding to scale new customer growth by building its sales and marketing efforts, and continuing to innovate its products which are already being used by leading enterprises around the world.
Promethium is used by enterprises to enable every employee to make data-driven decisions in real time without the technical complexity of data management. With Promethium, users can find data-driven answers by using intuitive natural language search. Unlike other solutions, there are no long implementations because data is accessed where it is and does not have to be moved. Users can connect data sources to Promethium and within minutes get data-driven decisions. Answers in minutes instead of months.
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