Sifflet, a Paris, France-based company that offers automated data quality monitoring, announced that it raised €12 million in a Series A funding round led by EQT Ventures, with participation from existing investors.
The company which has raised €15 million to date, plans to ramp up its go-to-market efforts in Europe, the Middle East, Asia, and the U.S., and continue to invest in product and engineering.
“Sifflet is a data observability platform aimed at helping businesses build trust in their data,” Salma Bakouk, chief executive and co-founder told TechCrunch in an email interview. “Its platform sits above the data stack, providing a 360-degree oversight of the data assets.”
Using Sifflet, companies can collect information across different layers of their data stack, from the data ingestion stages to transformation and consumption.
The platform automatically monitors data, metadata, and data pipelines for evidence that something might be amiss, like a sudden drop in quality.
Company: Sifflet, Inc.
Raised: €12.0M
Round: Series A
Funding Month: March 2023
Lead Investors: EQT Ventures
Additional Investors:
Company Website: https://www.siffletdata.com/
Software Category: Data Quality Software
About the Company: Founded in 2021 by Salma Bakouk and Wajdi Fathallah, Sifflet is a full data stack observability platform delivering actionable insights and helping organizations manage data quality monitoring at scale. The company's platform handles the complex process of connecting to different data sources seamlessly and adapts instantly to the data volumes, enabling every type and size of business to make data management more accessible. Sifflet collects information across different parts of the data stack, from ingestion to application, and its software uses automated monitoring of data, metadata, and pipelines, alerting businesses to any data anomalies. It currently has 28 employees and aims to more than double that number by the end of the year.
Source: https://techcrunch.com/2023/03/21/sifflet-raises-cash-to-expand-its-data-observability-platform/