Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Argo Raises $1.5M in Seed Funding

2015-01-14
PALO ALTO, CA, Data discovery startup, today announced that it raised a $1.5 million seed round led by Accel Partners.
Argo, a data discovery startup, today announced that it raised a $1.5 million seed round led by Accel Partners with participation by veteran technology angel investors, including Steve Loughlin, Kevin Mahaffey, Adam Ross, Chuck Moran, Kathy Olsen, Ryan Simonetti and Brad Katsuyama.
'Our vision is to bring transparency and simplicity to enterprise collaboration, enabling teams of employees to quickly and easily discover themes within and across their data,' said Andrew Vigneault, co-founder and CEO. 'Ping Li and Accel Partners share this vision, and offer a wealth of enterprise technology experience - Ping's insights are second-to-none when it comes to advising growth companies.'
Argo was founded in April 2014 and is changing the way people work with data. To date, data analytics software required individuals with deep, niche expertise to focus entirely on the piece of software. Argo provides an easy-to-use, natural data discovery experience that enables businesses to collaborate and share findings from various enterprise solutions.
'People get excited about technology that helps them be more effective at work - it's like discovering a superpower that makes the workforce more efficient and collaborative,' said Ryan Atallah, co-founder and CTO. 'We're focused on building the Argo team under the mantra of 'connecting people through discovery.''
Ari Dyckovsky, Argo's third co-founder and chief brand officer, published a paper on quantum entanglement and analyzed data for an alternative trading system, and now heads brand and recruiting at Argo.
Together, the three co-founders bring a diverse set of perspectives and experiences to the table. The company was founded after Dyckovsky and Atallah dropped out of Stanford in March 2014, and Vigneault left his investment banking role at Stern Agee.
'We've quietly built a powerful team, which has been an exhilarating experience. Every team member brings new perspective and great talent to our company,' said Dyckovsky.
To learn more about Argo, check out their journal or visit argo.io. Argo is hiring software engineers and designers in Palo Alto, CA. All interested applicants should check out available positions.
About Argo
Argo is on a voyage to connect people through discovery. Founded in 2014 by Ari Dyckovsky, Ryan Atallah and Andrew Vigneault, the company is based in Palo Alto, CA. For more information please visit argo.io.
About Accel Partners
Accel Partners is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel's vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, Dropbox, Dropcam, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Vox Media and others.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors