Total amount raised
$30 Millions
Latest funding date
06/01/2023
Location
Title
Acryl Data has successfully raised significant funding, attracting attention from notable investors. The platform offers innovative solutions in the data management space.
Keep reading to explore the intricacies of Acryl Data's fundraising journey and the investors backing this promising platform.
What Is Acryl Data?
Acryl Data, founded in 2021, is headquartered in San Francisco. The company specializes in data management solutions, aiming to streamline and enhance data operations for businesses.
Co-founded by industry veterans, Acryl Data has quickly grown to a team of over 50 employees. Their expertise and innovative approach have positioned them as a notable player in the data management space.
For more information, you can visit their official website or their profile on wellfound.com.
How Much Funding Has Acryl Data Raised?
- Seed Round
- Amount Raised: $9 million
- Date: June 23, 2021
- Lead Investors: 8VC, LinkedIn, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To commercialize LinkedIn's open-source metadata tool, DataHub, and assist other companies in managing their big data needs by providing scalable metadata management solutions.
- Series A Funding Round
- Amount Raised: $21 million
- Date: June 13, 2023
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Acryl Data's mission to revolutionize data management by addressing the challenges of fragmented data landscapes. The funding will help them build a powerful control plane for data, enhance their cloud product, and integrate modern data management capabilities.
Total amount raised: $30 million. Current valuation: Not publicly disclosed.
Key Investors
- 8VC
- Details: 8VC is a venture capital firm based in San Francisco, known for investing in transformative technology companies. They led the Series A funding round for Acryl Data.
- Investment Focus Areas: Technology, healthcare, logistics.
- Notable Investments: Palantir, Wish, Asana.
- LinkedIn
- Details: LinkedIn is a professional networking platform that originally developed DataHub. They are now investing in Acryl Data to further its commercialization.
- Investment Focus Areas: Professional networking, data management, AI.
- Notable Investments: Glint, Bright, Connectifier.
- Insight Partners
- Details: Insight Partners is a venture capital and private equity firm that invests in high-growth technology and software companies. They participated in Acryl Data's funding rounds.
- Investment Focus Areas: Software, internet, data.
- Notable Investments: Twitter, Shopify, DocuSign.
- Data Community Fund
- Details: Data Community Fund is a venture capital firm focused on supporting data-driven startups. They participated in Acryl Data's funding rounds.
- Investment Focus Areas: Data infrastructure, analytics, AI.
- Notable Investments: Not publicly disclosed.
- Abstract Ventures
- Details: Abstract Ventures is an early-stage venture capital firm that invests in innovative startups. They participated in Acryl Data's funding rounds.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Not publicly disclosed.
What's Next for Acryl Data?
With the recent Series A funding, Acryl Data is poised to capitalize on the growing need for unified data management solutions. The launch of Acryl Observe and the integration of generative AI capabilities present significant opportunities for growth. The company aims to expand its cloud product and drive the adoption of the DataHub Project, which already boasts a strong community and customer base.
Future fundraising rounds seem likely as Acryl Data continues to innovate and scale its offerings. However, the company will need to navigate the complexities of a fragmented data landscape and compete with established players. Ensuring seamless integration of their tools and maintaining the momentum of the DataHub Project will be crucial for their success.
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