Stardog Raises $2.3 Million First Round to Capture Enterprise Data Unification Market
Washington, DC (PRWEB) July 20, 2016 -- Stardog, an enterprise data unification platform, announced today that the company has closed a $2.3 million round of seed funding led by Core Capital and Boulder Ventures. The funding allows Stardog to strengthen its position as the leading graph-based data unification platform. Stardog uses smart graph technology to efficiently unify heterogeneous, disparate data across the enterprise.
Enterprises continue to experience a massive surge in data, coupled with an ever-increasing number of data sources, types, and structures. However, enterprises cannot truly leverage data without first unifying it. Until Stardog, true data unification was largely limited to structured data and came with costly and burdensome implementation and maintenance requirements.
Stardog’s graph data model approach allows for highly flexible and efficient data unification horizontally across all data sets and types. With Stardog, companies are able to unify data into a coherent graph-based model that allows business logic and data sources to evolve independently. This decoupling lowers IT costs, shortens implementation schedules, and offers better data unification.
“The Stardog team has built a completely unique product to solve the infamous enterprise data silo problem and, as a result, has already attracted an incredible list of customers, representing major names in finance, healthcare, technology, government, and media,” Evan MacQueen of Core Capital.
“The enterprise data landscape gets more complex daily and Stardog's unique capabilities address that complexity directly and effectively,” Jonathan Perl of Boulder Ventures.
“We’re thrilled to raise a first round funding to fuel our next level of growth. The need for enterprise data unification for the post-relational data landscape couldn't be clearer” said Kendall Clark, CEO of Stardog. As part of the financing, Evan MacQueen of Core Capital and Jonathan Perl of Boulder Ventures have joined the board of directors.
About Stardog
Stardog enterprise data unification platform unifies data across the enterprise using smart graph technology. Stardog has enterprise customers from Fortune 500 in finance, health care & life sciences, energy, media, and government Learn more at http://www.stardog.com.
About Core Capital Partners
Founded in 1999, Core Capital is a venture capital firm headquartered in Washington, D.C. that invests in early-stage companies developing or incorporating “core” technologies in high-growth data-intensive enterprise applications and infrastructure sectors including cybersecurity, cloud computing, and big data, led by seasoned entrepreneurs. For more information, visit http://www.core-capital.com
About Boulder Ventures
Founded in 1995, Boulder Ventures invests in experienced serial entrepreneurs and their teams building technology and life science companies in Colorado and the Mid-Atlantic region. The firm's portfolio companies in software, networking, data storage, drug discovery and tools, and technology-enabled services, are industry leaders through superior management, market vision, and differentiated products. Boulder Ventures has embraced this focused approach to successful venture capital investing for more than fifteen years, raising six venture capital partnerships totaling more than $350 million in committed capital. For more information, visit http://www.boulderventures.com.
Kendall Clark, Stardog, http://stardog.com/, +1 (202) 408-8770, [email protected]
Share this article