Prophecy, a Palo Alto, CA-based self-service data transformation platform provider, raised $35m in Series B funding.
The round, which brought total funding to $67M, was led by Insight Partners and SignalFire, with participation from J.P. Morgan, and new investors Singtel Innov8, Databricks Ventures and DallasVC.
The company intends to use the funds to expand operations and its business reach.
Led by Raj Bains, CEO, and Vikas Marwaha, COO, Prophecy provides a platform that offers a visual interface to build, deploy and manage data pipelines with software-engineering best practices. Prophecy is used by enterprises, including multiple companies in the Fortune 50 where hundreds of engineers run thousands of ETL workloads every day.
The company’s technology serves two imperatives necessary for scale. First, its visual interface enables a large number of data users—especially those in the line of business. Second, the visual interface produces high-quality code, enabling data teams to run with best software practices to ship trusted data.
In this funding round, the company added to its board:
- Herb Cunitz, an independent board member and former President of Hortonworks, brings decades of experience in revenue generation and board leadership.
- Elena Zislin, Managing Director for J.P. Morgan, joins as a board observer.
To further enhance its go-to-market capabilities, Prophecy in 2023 has expanded its leadership team:
- Vincent Giacomazza, Chief Revenue Officer, previously VP of Sales at CockroachDB
- Angela Hooper, VP Success, previously VP of Customer Success at Alation and ThoughtSpot
- Mitesh Shah, VP Product Marketing, previously VP of Product Marketing at Alation
- Emily Lewis, VP of Marketing, previously VP of Marketing at Incorta
FinSMEs
11/10/2023