Unsupervised, a Boulder, Colo.-based automated analytics platform provider, closed a $35m Series B funding.
The round was by new investors Cathay Innovation and SignalFire with participation from prior investors Coatue, Eniac Ventures, NextGen Venture Partners and Elad Gil.
The company intends to use the funds to accelerate both market growth and product roadmap to
- Enhance product offerings, including strategic partnerships with leading players in the data and analytics ecosystem (several of which are already major customers as well as partners);
- continue to invest in scaling up the Unsupervised team, including in sales, marketing, product development and engineering, customer success and people operations;
- deliver innovation of the platform to drive AI sophistication and data exploration.
Led by Noah Horton, CEO and co-founder, Unsupervised provides a singular end-to-end platform that includes automating tasks that typically require months and manual resources, such as data preparation, aggregation, feature engineering, and insight discovery.
Examples of common use cases where the technology is in-use today include:
- Generating new revenue streams
- Optimizing customer retention and preventing churn
- Improving customer satisfaction
- Lowering the costs of customer acquisition
- Optimizing supply chain, distribution, and logistics
- Identifying and mitigating financial risks, among other examples
Unsupervised has raised more than $55 million to date in funding.
FinSMEs
23/04/2021