Simon Data Raises $20m Expansion Fund

In New York, enterprise customer data platform Simon Data has raised $20m in a Series B round of funding, which it will use to further develop its solutions, and expand its product and engineering teams with a specific focus on data science.

Founded in 2014 by Jason Davis, Josh Neckes and Matt Walker (pictured), the firm helps businesses use enterprise-scale big data and machine learning to power customer communications across any channel - without needing to build and maintain massive bespoke data infrastructure.

The new financing was led by Polaris Partners, and follows a Series A funding round in 2015, bringing the total raised to date to $32m. Davis comments: 'The value to any business of big data lies in the insights it provides and the business outcomes actioning it can deliver. Companies everywhere have invested tremendously in their data infrastructure, but they're unable to capture the value held within. Simon is a new type of platform designed specifically to unlock that value by using data to inform and orchestrate the customer experience'.

Web site: www.simondata.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.