Promethium, a Menlo Park, California-based next-generation collaborative analytics platform for business users and data teams, announced that it raised $26 million in a Series A.
The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors .406 Ventures and Zetta Venture Partners. The new round brings the total funding to $34.5 million since its 2018 inception.
Promethium will use the funding to scale new customer growth by building its sales and marketing efforts and continuing to innovate its products which are already being used by leading enterprises around the world.
Company: Promethium, Inc.
Round: Series A
Funding Month: February 2022
Lead Investors: Insight Partners
Additional Investors: .406 Ventures and Zetta Venture Partners
Company Website: https://www.pm61data.com/
Software Category: collaborative analytics platform
About the Company: Founded in 2018, Promethium is a next-generation collaborative analytics platform for business users and data teams, that helps data and analytics teams work smarter so they can stay ahead of growing data volumes and business needs. It's groundbreaking patented data profiling technology reimagines data analytics by enabling more people to leverage data without having a deep technical understanding of the data infrastructure or waiting for data engineers. With Promethium, users can find data-driven answers by using an intuitive natural language search. The company was founded in 2018 and is headquartered in Menlo Park, Calif.