Claravine, a Lehi, Utah pioneer in data integrity with its platform, The Data Standards Cloud, announced a $16 million Series B funding round.
The round was led by Five Elms Capital, with participation from existing investors Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund, and Silverton Partners.
This new funding will help Claravine meet its aggressive growth goal of doubling its headcount this year, accelerating product development, and investing in its integrations to automate data standards across digital experiences.
Company: Claravine, Inc.
Raised: $16.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Five Elms Capital
Additional Investors: Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund, and Silverton Partners
Company Website: https://www.claravine.com/
Software Category: Data Management
About the Company: Founded in 2012, Claravine is a pioneer in data integrity for the global enterprise. Claravine empowers a proactive approach to data by activating standards across people and technology – bridging the silos that limit speed and decisions. The company has forged successful partnerships with well-known Fortune 1000 companies such as Under Armour, Ancestry, and Vanguard and is currently working with a quarter of the Fortune 100. With a collaborative user interface and strategic integrations with top customer experience platforms such as Adobe and Google, The Data Standards Cloud helps global organizations define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI.
Source: https://www.claravine.com/2022/05/17/data-integrity-company-claravine-secures-16-million-in-series-b-funding/