Funds for Data Quality Firm Qualytics

Enterprise data quality platform Qualytics has raised $2.5 million led by venture capital firm Tech Square Ventures, roughly doubling its funding to date. The money will be used 'to scale the company to meet growing demand from Fortune 500 enterprises'.

Orlando, FL-based Qualytics says KPIs and large data operations 'obfuscate the quality of the underlying data, increasing the risk of making wrong operational and qualitative decisions along with potential risk of reputation concerns', and therefore promises a scalable solution allowing subject matter experts and data engineers to collaborate on data quality at scale at all stages of data usage using advanced automation and intelligent workflows.

The latest round saw participation from Engage, Knoll Ventures, SaaS Ventures and GRI Ventures, adding to a large roster of existing VC and angel investors.

Gorkem Sevinc, co-founder and CEO comments: 'Our novel approach applies ML-generated record-level data quality rules to identify anomalies as close to the source as possible and enables our customers to proactively address their data quality. We are excited to partner with Tech Square Ventures, Engage, Knoll Ventures and GRI Ventures in addition to our existing list of impressive investors. As we continue to cater to the needs of enterprise customers, this funding will fuel the growth of Qualytics on our exciting journey'.

Web site: www.qualytics.co .

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