Tamr Secures an Additional $10 Million Investment Bringing Round to $28M
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sep 18, 2018--Tamr Inc., the innovator in data unification, today announced that it has closed $10 million in new equity capital, including participation from Pear Tree Partners and Granite Hill Capital Partners. The new financing adds to the company’s recent $18 million raise announced in July. The funds enable Tamr to continue its rapid growth fueled by new urgency in large enterprises’ need to reinvent how they manage data to accelerate digital transformation. Tamr provides a machine-driven, human-guided approach to data unification that increasingly is a foundational component of large enterprise data management strategies.
Tamr also announced the appointment of new Board Observers in conjunction with its recent financing including John McClellan, Partner at Pear Tree Partners; Masataka Otomo, Venture Capitalist at SBI Investment; and Mona Vernon, CTO of Thomson Reuters Labs.
“We’ve had a record start to 2018,” said Andy Palmer Co-founder and CEO of Tamr. “With our round of funding now complete and the addition of highly experienced new Board Observers, we’re on-track to continue our rapid growth as we redefine how companies solve intractable data unification challenges.”
Tamr’s solutions are based on the company’s patented enterprise data unification software platform, Unify. The system was initially conceived by Turing Award winner Dr. Michael Stonebraker and his co-inventors who published their research about the Data Tamer System for tackling large scale data curation challenges in early 2013. Tamr was founded shortly after that to commercialize the research and has become a high-growth company by enabling large enterprises to tackle previously unsolvable data problems. By applying machine learning supplemented by human expertise to large-scale data curation challenges, Tamr’s agile data mastering and classification solutions are able to break through the limitations of traditional rules-based data integration approaches inherent in ETL and MDM products.
About Tamr, Inc. Tamr is the enterprise-scale data unification company trusted by industry leaders like GE, Toyota, Thomson Reuters, and GSK. The company’s patented software platform uses machine learning supplemented with customers’ knowledge to unify and prepare data across myriad silos to deliver previously unavailable business-changing insights. With a co-founding team led by Andy Palmer (founding CEO of Vertica) and Mike Stonebraker (Turing Award winner) and backed by founding investors NEA and GV, Tamr is transforming how companies get value from their data.
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CONTACT: DBT Communications
David Templeton, 203-530-0458
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE
SOURCE: Tamr Inc.
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PUB: 09/18/2018 07:00 AM/DISC: 09/18/2018 07:01 AM