Superconductive, the Cottonwood Heights, Utah-based provider of Great Expectations, an open-source tool for data quality, raised $40 million in Series B funding.
The round, which brought total funding to $64.5 million, was led by Tiger Global, with participation from Index, CRV, and Root Ventures.
The company intends to use the funds to accelerate investment in open source and its community, development, and launch of a first commercial product, and key hires across the organization.
Company: Superconductive Health, Inc.
Raised: $40.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Tiger Global
Additional Investors: Index, CRV, and Root Ventures
Company Website: https://www.superconductive.com/
Software Category: Collaboration and orchestration tools
About the Company: Led by Abe Gong, CEO, and co-founder, Superconductive is working on improvements to the open-source version and on the development of Great Expectations Cloud, an enterprise SaaS suite of collaboration and orchestration tools for managing data quality across an organization’s whole data infrastructure. Design partnerships are currently in the works for this paid version, gaining valuable feedback and input from partners to establish a set of concepts and workflows that fit naturally on top of open-source Great Expectations, offering new possibilities for data quality and data collaboration. Great Expectations is a tool in the open-source community reaching over 2.8 million monthly downloads, gaining traction with major brands such as Vimeo, Heineken, Calm, and Komodo Health, as well as ecosystem partners such as Databricks, Astronomer, and Prefect.
Source: https://www.finsmes.com/2022/02/superconductive-raises-40m-in-series-b-funding.html