Flatfile, a Denver, CO-based AI-assisted data exchange, announced that it raised $50 million in a Series B funding round led by Tiger Global.
Investors participating include Gradient Ventures, Scale Ventures, Workday Ventures, Afore Capital, and Two Sigma Ventures, with angel investors including founding executives and leadership from Airtable, DocuSign, LinkedIn, and Gainsight.
Bringing Flatfile's current total funding to nearly $100 million, the round will enable the company to expand and support its fastest-growing segment: global enterprise companies.
"Flatfile is only just at the beginning of its journey to modernize how data is exchanged," said David Boskovic, Flatfile CEO. "This funding will enable us to continue to grow our engineering team and deliver ready-to-use data across Saas and beyond."
In just three short years, Flatfile has built incredible momentum with a customer base that includes thousands of developers and 500 companies across the world.
Flatfile will release a major update that will enable developers to build directly on top of Flatfile's underlying platform components—import, match, merge, export—so they can stitch together all the pieces required to move information to and from their system.
Company: Flatfile,Inc.
Raised: $50.0M
Round: Series B
Funding Month: September 2022
Lead Investors: Tiger Global
Additional Investors: Gradient Ventures, Scale Ventures, Workday Ventures, Afore Capital, and Two Sigma Ventures
Company Website: https://flatfile.com/
Software Category: AI-assisted data exchange
About the Company: Founded in 2018 by David Boskovic and Eric Crane, Flatfile is the data onboarding platform built to transform customer data from messy and unorganized to validated and ready to use. Its vision is to enable seamless data exchange between large and small companies worldwide. With AI-assisted data exchange, Flatfile eliminates repetitive work and makes B2B data exchange fast, intuitive, and error-free. The Flatfile platform automatically learns how imported data should be structured and cleaned, enabling customers and teams to spend more time using their data instead of fixing it. The company has completed over 25 billion data mapping decisions during data exchanges for industry leaders, including Sage, ClickUp, Square, AstraZeneca, CBRE, and Spotify.
Source: https://www.prnewswire.com/news-releases/flatfile-raises-50-million-series-b-to-streamline-the-data-exchange-process-301633668.html