![]() ![]() Founded in 2014, the Israel-based company has raised 54 million dollars since its inception. Overview of the storyĭatarails is a cloud-based analytics and business intelligence solution enabling enterprises to access, manage and analyse data from multiple sources in real-time. As a result, Datarails is proud to count some of the world’s leading venture capitalists as loyal customers. Since then the company has raised over $50 million in funding from Insight Venture Partners, OTB Ventures, Sigma Prime Ventures, Pitango Venture Capital, OpenView Capital Partners and Viola Growth. In addition to its feature set, Datarails’ services include customer success management services and professional implementation of its product offerings.įounded in 2018 by Mark Hensley and Weston Morris, Datarails has grown rapidly by helping companies make better use of their financial data. It also offers custom report building options which allow customers to import data from multiple sources, automate calculations, consolidate data, and make better business decisions faster. The software helps customers build, update, and share consolidated statements with stakeholders directly in their web browser. ![]() How datarails raised $50Mĭatarails is a software-as-a-service (SaaS) platform that focuses on providing accounting and financial reporting automation solutions to mid-market and high-growth companies. In this article, we will explain the journey Datarails has taken to reach this milestone. The investment was made by a group of investors, including Viola Ventures, Battery Ventures, Salesforce Ventures, Oak HC/FT, and Blackrock Financial Management. Datarails, a data integration and automation platform, raised $50 million in a Series C funding round, one of the largest venture capital to be secured by an Israeli software company. ![]()
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