Crux, a San Francisco, CA-based cloud-based provider of data integration and observability tools, raised $50 million in a Series B round of venture capital
The round was led by Two Sigma and the Growth Equity business Goldman Sachs Asset Management (Goldman Sachs) for a total of $157 million raised to date.
It also announced that it had $75 million in bookings over the past 18 months and that it’s launching a new SaaS offering for external data.
The company is close to formally introducing its first Software as a service (SaaS) offering, dubbed the Crux External Data Platform. The offering will make “enterprise-grade integration, transformation, and observability of external data.
The platform, dubbed Crux Deliver, allows users to create data pipelines using 265 pre-built data connectors (some developed by the vendor, some available in the public realm) for a variety of data sources.
In addition, Crux provides additional data management capabilities, including transformation and blending of data; schema management and scheduling; data quality monitoring and reporting; and data cataloging.
“As demand grows worldwide for a platform that can accelerate the realization of value from external datasets by delivering information that is data science- and analytics-ready, I am excited to share the momentum that Crux has been delivering over the past 18 months and our new funding that will continue to fuel our disruption of the space,” Crux CEO Eric Freiberg stated in a press release.
Company: Crux Informatics, Inc.
Round: Series B
Funding Month: January 2023
Lead Investors: Two Sigma and Goldman Sachs Asset Management
Company Website: https://www.cruxdata.com/
Software Category: Data Integration and Operations Solution
About the Company: Founded in 2017, Crux is a cloud-based data integration and operations solution that accelerates the value realization between external and internal data. Crux builds data pipelines at scale and operates over 50K pre-engineered pipelines, delivering public and third-party datasets to the destination of choice. Crux pipelines come with embedded data monitoring, validations, and transformations, and are supported 24x7 by its global operations team. Crux works with enterprise clients and is backed by Two Sigma, Goldman Sachs, Morgan Stanley, and Citi, among others.