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A Round-Up Of Last Week's Exciting Funding Rounds

As always in the SaaS and aligned Tech space there is a lot to celebrate! Here is Resst’s overview of some exciting funding rounds that took place last week.

Supermetrics - €40M in Series B

In their own words: Supermetrics lets you get the exact marketing data that matters to you; when you need it, where you need it. It helps you make better, faster, data-backed decisions in order to grow your business with smarter marketing.

Founded in 2013, this Finnish start up certainly looks like it has huge potential in the world of MarTech. They have been hiring throughout the pandemic and we have seen a lot of positive feedback on their onboarding process from new Supermetrics employees. Everything is pointing towards continued successes for Supermetrics as they continue to scale in the Nordics, the US and perhaps beyond? Exciting times ahead for the Supermetrics team!

GRID - €10.1M in Series A

In their own words: GRID gives spreadsheets wings. GRID enables you to instantly turn any spreadsheet into a beautiful, interactive web document that can be securely shared online.

Founded in 2018 by Hjalmar Gislason, (previously founded DataMarket in 2008 and sold to Qlik in 2014) and Thorsteinn Yngvi Gudmundsson (previously VP Operations at DataMarket), GRID – based in Iceland - has a strong management team geared for success. With exciting testimonials from current users, CEO Hjalmar Gislason has big ambitions – suggesting in an interview last year that over the next 7-10 years revenues could hit $90M a year, if the company’s plans are successful. We’re definitely interested to see where this company goes next and how the recent Series A will put more fuel in the rocket.

Split Software - $33M in Series C

In their own words: Split provides an industry-leading Feature Delivery Platform. We pair the speed and reliability of feature flags with data to measure the impact of every feature. Split reduces development time, mitigates release risk, and quantifies impact.

Founded in 2015 by Adil Aijaz, Trevor Stuart, and Patricio “Pato” Echagüe, Split has raised a total of almost $60M in the last 5 years from a range of different investors including Accel, Lightspeed Venture Partners, and Comcast Ventures – as well as Atlassian and ServiceNow. Having being named in the CNBC Upstart100 in 2019, we will watch on with anticipation regarding what is next for the Split team, and whether it will be continuing to strengthen in the Americas or whether expansion in EMEA will be on the cards.

Verta AI - $10M in Series A

In their own words: AI and Machine Learning Deployment and Operations for Enterprise Data Science Teams. Verta MLOps software supports model development, deployment, operations, monitoring, and collaboration enabling data scientists to manage models across their lifecycle.

Founded in 2018 by Manasi Vartak, this early stage MIT spinout is seemingly research led with the solution being based on Vartak’s PhD. With the recent round lead by Intel Capital, having strong investors alongside the research-led technical foundation will undoubtedly hold the Verta team in good stead. As the field of data science continues to grow, Verta might just be one to watch!

Trove - $16M in Series A

In their own words: Trove is a suite of compensation tools that helps companies plan and communicate total compensation. Eliminate the confusion around equity and help candidates and employees dream big about their futures at your company.

Founded in November 2019 by Matthew Schulman (former Engineer at Facebook) things have moved fast for him and the team with a $16M Series A less than a year from being founded. As headhunters in Tech here at Resst we first-hand see the pain this solution solves. Often there is so much confusion with employees (and prospective employees/candidates) when it comes to salary, bonus, and equity. This can lead to breakdown in trust between employee and employer, higher attrition rates and general unhappiness that either information is miscommunicated, or employees do not fully understand the ins and outs of their package. With things having moved fast already for Trove we are interested to see what the short-term and long-term future holds for the team at Trove!

MURAL - $118M in Series B

In their own words: MURAL enables innovation at scale, providing a platform for product strategy and planning, the facilitation of immersive workshops using agile and design thinking methodologies, sales and consulting engagements, and research and design.

Founded in 2011, MURAL has really taken off over the last year scaling from 100 employees to over 250, with more hiring happening as we speak over North America, LatAm, Europe, ANZ and India. With this recent huge Series B it looks like MURAL are destined for only one direction. The increase in remote working (accelerated by Covid) means MURAL have a fantastic opportunity to position their visual collaboration tool as a must have in many organisations.

Octane AI - $4.3M in Series A

In their own words: Create experiences customers love. Octane AI provides an all-in-one platform for engaging quizzes, data collection, and personalized Facebook Messenger and SMS automation.

Founded in 2016, Octane AI has created a marketing suite with a demonstrable track record of increasing sales for retailers and ecommerce clients. With the continued growth of ecommerce and changing buying behaviours of consumers, Octane AI will undoubtedly have the opportunity for continued growth. With both the market opportunity and funding to boot, time will tell on how far Octane AI can grow.

Dataiku - $100M in Series D

In their own words: Dataiku is the platform democratizing access to data and enabling enterprises to build their own path to AI in a human-centric way.

Founded in 2013, Dataiku has raised almost $250M in total, having doubled in team size in 2019 in the same year they also reached Unicorn status. They are continuing to hire across the globe including live roles in EMEA, North America and APAC. These are predominantly sales and commercial roles with Dataiku appearing to be using this latest round to focus on customer acquisition – reporting that they have a lot of inbound demand. This round, recent growth and continued potential makes for an exciting period for Dataiku. The next question is how long will it be before a new round or will it be time for CEO Florian Douetteau to take Dataiku IPO?

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