Datameer, a data preparation and exploration solution, has secured $40m in funding to support the launch of its cloud-native self-service solution.
ST Telemedia, an existing investor of Datameer, led the investment, with commitments also coming from Redpoint Ventures, Kleiner Perkins, Nextworld Capital, Citi Ventures and Top Tier Capital Partners.
With the new funds, the FinTech will launch its Neebo solution which helps analytics teams and data scientists to create, discover, use, and share trusted assets in hybrid landscapes. Its solution enables a company to connect their data into a single location including their documents, applications, dashboards, reports, data science models, and more.
Datameer CEO Christian Rodatus said, “Neebo is a SaaS solution that enables analytics professionals to kick-start a project in minutes and helps them immediately decrease time-to-insight. AI-enabled discovery and blending builds a searchable repository of trusted assets to further boost analyst performance. This is all achieved in an environment that doesn’t compromise data governance and security.”
The Datameer solution implements machine learning technology to help businesses improve their use of data and optimise processes. Businesses across the financial services, retail, healthcare, telecom, and media industries use the platform.
Clients like Citi, HSBC, Barclays, RBC, Scotiabank and BMO use Datameer to better understand their customers by analysing interaction data, improve regulatory compliance, and better manage risk. The technology is also leveraged to help identify and combat instances of fraud through the analysis of transaction data, geo-location, merchant information and more to find anomalies.
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