Data observability startup Telmai raises $5.5M in oversubscribed seed round
Summary
Data observability startup Telmai Inc. today said it has raised $5.5 million in an oversubscribed seed round, bringing its total funding to $8.5 million.The company has created what it says is a unique approach to data quality management with an engine based on the Apache Spark analytics framework. We look at the values themselves and figure out if there are anomalies or outliers, such as sudden pricing changes or changes in revenue metrics.The platform classifies data and presents it to users in an easy-to-understand user interface that ties back into data quality key performance indicators, she said. Because the engine isnt tied to a data store, it can scale and operate at high speed, according to Rakibe. Telmai was looking to raise less than the $5.5 million it closed but our existing investors were interested when they started seeing the signals in the market, Rakibe said. The company has just 14 employees but has a joint marketing agreement with Google Cloud and lesser partnerships with Snowflake Inc. and Databricks.We were closing customers at a good [annual recurring revenue rate], even though we were extremely small, Rakibe said.
Funding
Review available funding amount, funding date, investors, and linked company information related to Data observability startup Telmai raises $5.5M in oversubscribed seed round in the interactive ISVWorld profile.