Human beings tend to stand out on the back of many different factors, and yet nothing helps the cause quite like our ability to grow on a consistent basis. You see, this ability is really what has allowed us to hit upon some huge milestones, with technology proving to be a critical member of the stated group. Talk about why technology enjoys such a notable stature in our lives, the answer is heavily predicated upon its unique skill-set, which introduced us to all those possibilities that we could have never imagined in our wildest dreams. However, if you care to look a little deeper, it becomes clear that the whole runner was also inspired by how we applied the stated skills in a real world setting. The latter component, in fact, did a lot to give the creation a spectrum-wide, and consequentially, kickstart a tech revolution. This revolution, as we would find out, will go on to enhance every little detail in regards to the human experience, but even after achieving such an impossible feat, it will keep on producing all the right goods. The same has turned more and more evident over the recent past, and one recent funding can only take it towards a bigger horizon.
Flatfile, the pioneer of AI-assisted data exchange, has successfully secured over $50 million in Series B financing. Led by Tiger Global, the round saw further participation coming from the likes of Gradient Ventures, Scale Ventures, Workday Ventures, Afore Capital, and Two Sigma Ventures. Beyond these participants, various angel investors including founding leadership from Airtable, DocuSign, LinkedIn, and Gainsight etc also chipped in with their contributions. According to certain reports, the company will use the newly-raised cash to further solidify its stronghold on the global enterprise stratosphere. Founded in 2018, Flatfile has reimagined our very approach to data exchange, as the company’s proprietary platform is well-equipped to automatically learn how an imported piece of data should be structured. Interestingly, the Denver-based Flatfile has managed to make it happen by using an AI system that is trained on over 25 billion data mapping decisions. The company’s excellence in what it does is also backed by its esteemed clientele, which currently boasts over 500 companies and several unnamed government agencies. The stated clientele covers a host of big names like Sage, ClickUp, Square, AstraZeneca, CBRE, Spotify, and more.
When quizzed regarding company’s approach, David Boskovic, co-founder of Flatfile, said:
“It’s basically letting our customers get under the hood, allowing them to stitch together all the pieces required to move information between systems with maximum flexibility and at scale,” he said. “[The] platform enables companies to leverage their data sooner. It allows employees to focus on their core strengths and leave the dirty work to us. By eliminating the thousands of hours that companies consume ensuring that data is properly formatted for their system, Flatfile helps them get their products to market faster and at a substantial cost savings.”