Stardog just announced a $9M Series B raise and plans to hire - Technical.ly DC

Growth

Oct. 29, 2019 7:00 am

Stardog just announced a $9M Series B raise and plans to hire

Led by Tenfore Holdings, the round will allow the company to expand its product offerings.
Data.

Data.

(Photo by Flickr user janholmquist, used under a Creative Commons license)

Enterprise software company Stardog announced Tuesday morning that it had raised $9 million of a Series B round to expand its product offerings as well as its engineering, customer success, sales and marketing teams.

The Arlington, Virginia-based maker of an enterprise data unification platform secured the funding in a round led by New York City-based venture capital firm Tenfore Holdings, a previous backer, with participation from Grotech Ventures, Boulder Ventures and Core Capital.

The funding will allow Stardog to include a Knowledge Graph as a Service in its product offerings, per a press release; a knowledge graph is a technique used to manage large-scale datasets, CEO and cofounder Kendall Clark told Technical.ly in 2017. (You interact with them every day via the likes of Facebook, Google and LinkedIn.)

“Stardog solves the data silo problem that exists in every enterprise by connecting data no matter its format, location, or meaning. The result is deeper insight faster,” Clark said in a statement. “Responding to customer feedback and market needs means we continually invest in talent and technology to help the largest companies make better decisions.”

Stardog previously raised a $6 million Series A funding round in 2017 before increasing its Series A funding to $9 million by adding $3 million in 2018. Customers now include Morgan Stanley, Dow Jones, Siemens and the U.S. Air Force, per a press release.

Dan Levine, managing partner at Tenfore Holdings, will join Stardog’s board of directors.

“Modern-day problems deal with hybrid, varied, and changing data, which is not always practical or even possible at scale using SQL-based systems,” Levine said. “The potential for Stardog’s graph platform to help organizations gain accurate insights from a sea of data is limitless.”

Advertisement

Stardog employs 50 people — half of which are based in Arlington — and aims to double the total headcount with this Series B, a spokesperson told Technical.ly. See a bunch of its open jobs here.

In other Stardog news, 20-year startup and growth strategy veteran Bob More was recently appointed as its global head of sales and alliances. That announcement came a few weeks after the company released an updated version of its knowledge graph platform.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!