Coalesce.io, a San Francisco, CA-based data transformation company, raised $50M in Series B funding.
The round, which brought the total amount to $81M, was led by Industry Ventures and Emergence Capital, with participation from 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Ventures.
The company intends to use the funds to:
- Enhance customer satisfaction through improved software scalability and performance.
- Introduce AI-driven features plus new capabilities designed for broader audiences.
- Boost market awareness to ensure that every Snowflake customer seeking efficiency and scale knows about Coalesce.
Led by CEO Armon Petrossian, Coalesce provides data transformations for scalable data innovation. It has created a solution that automates most SQL coding without reducing flexibility. Its platform boosts data team efficiency, allowing data pipeline development and management while empowering organizations to concentrate on extracting value and insights from their data.
FinSMEs
04/04/2024