Tamr Adds to Its July Funding Round with $10M in New Capital

Tamr Adds to Its July Funding Round with $10M in New Capital

Tamr recently announced that it has closed on new equity capital worth $10 million. The new capital injection is an add-on to the $18 million Tamr raised in July. The financing brings Tamr’s total raised to nearly $70 million since its founding in 2012. The funds will enable the company to expand its reach in enterprise circles. The round included participation from Pear Tree Partners and Granite Hill Partners.

Tamr’s product portfolio is based on the company’s enterprise data unification platform. The technology was originally invented by Dr. Michael Stonebraker and his colleagues who published their research about the Data Tamer System for handling large-scale data curation in 2013. Tamr as it is known today was founded shortly after in an attempt to commercialize the research. The platform applies machine learning to supplement human expertise during data mastering and classification.

In a statement to the press, Tamr’s CEO said: “With our round of funding now complete and the addition of highly experienced new Board Observers, we’re on-track to continue our rapid growth as we redefine how companies solve intractable data unification challenges.”

Tamr was recently named to CRN’s sixth annual Big Data 100, a vendor listing that identifies the solution providers that are innovating in the space. The company was also included as one of the 45 Coolest Data Management And Integration Vendors in the list. Tamr is a charter member of Gartner’s newest data preparation market guide earlier this year.

Read the press release or click through for more.

Timothy King
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