Two Important Milestones: Announcing Our Series B Round
April 23, 2021
Today we announced an important milestone for Unsupervised. We closed our Series B funding round, bringing our total funding to date to $55 million.
These funds will help accelerate our continued growth, both in our platform and our ability to serve more customers. Adding to our already stellar investors and advisors is another win. Cathay Innovation and SignalFire joined as new investors along with our previous investors Coatue, NextGen Venture Partners, Eniac Ventures and Elad Gil.
The validation and investment is exciting and humbling. But it’s not the only milestone we’re celebrating.
We’ve now crossed the mark of $50 million of actionable insights customers have identified using the Unsupervised platform. This, more than any other number, is the one we obsess over.
Our focus has always been on helping people make better decisions. We built a platform, employing a form of AI underleveraged in the analytics space, designed to embrace a business’s complexity and identify insights that otherwise would remain buried. Our belief was — and still is — that when equipped with insights, a business’s people, not machines, make the best decisions.
But how do you measure the value of data? For us, it’s in the opportunities data reveals.
That’s why so much of our time and energy went into creating an end-to-end platform. We built the platform to take in all data regardless of source and structure, automate the data preparation work and pattern discovery that holds businesses back, surface insights continuously to teams, and provide a collaborative workflow for businesses to value, prioritize and track the monetary return on the decisions they make.
What we hear from our customers time and time again is that they have enough analytics and intelligence tools to monitor their business; what they need is a platform to help change the business.
That’s what we set out to deliver. And our mission is to make our customers the most data profitable organizations in the world.
Our Series B is an enormous boost to our ability to meet this mission. But it’s the value of the opportunities we’re unlocking for our customers that lets us know how we’re progressing against that big, hairy goal.
Both of those milestones are markers on a longer journey. And we’re just getting started. If you want to join us, we have many open roles on our team. If you’re potentially interested in working with us as a customer or partner, we’d welcome the opportunity to prove what we can do.
And to Unsupervised’s customers, partners, investors, advisors and our team — thank you. You’re the reason we can aim so high.