Explorium, a data science solution powered by automated data discovery, has closed its Series B on $31m.
The investment was led by previous Explorium backer Zeev Ventures. Additional contributions came from 01 Advisors, Dynamic Loop, Emerge and F2 Capital.
Explorium enables companies to create better predictive models by connecting internal datasets with external data sources, including companies, geospatial, behavioural, time-based, website data, and more. With this, it can automatically uncover hidden connections and generate custom signals to make predictions more accurate.
Its services can be used for lead scoring, demand forecasting and risk modelling. Additionally, risk and fraud teams can use the solution to better fight fraud and risk by identifying incidents and ranking them on priority.
Explorium co-founder and CEO Maor Shlomo said, “The greatest analytical challenge organizations will face over the next decade is finding the right data to feed their models and automated processes. The right data assets can make or break a company, or even propel a company to market leadership.
“This is why we built Explorium — to help companies discover the most relevant data assets out there, in an automated way. We’re proud that our existing investors have doubled down on Explorium, and that new, world-renowned partners have joined them.”
With the closed of the round, the company has raised a total of $50m.
Over the past year, the company has tripled its customer base and expanded to incorporate data relevant to more industries and verticals.
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