Big data startup, Tamr, recently announced that the company has raised a sum of $25.2 million in Series B financing from Hewlett Packard Ventures, Thomson Reuters and other investors. The new funds will be deployed to grow sales and to enhance Tamr’s scalable data unification platform. According to Tamr, its existing investors, NEA and Google Ventures, also participated in the round.
Cambridge, Massachusetts-based Tamr said that its platform dramatically reduces the time and effort required to connect and integrate diverse, siloed data for business analytics. It added that customers are using Tamr for procurement optimization, customer data integration and clinical trials management, amongst others.
Graham Cousins, SVP, Platform of Thomson Reuters
In an increasingly complex world, Thomson Reuters empowers our customers to be more informed, efficient and successful. World-class technology, integrated data, and powerful analytics are key to these efforts, and we look forward to working closely with Tamr to develop even more innovative solutions for the industries we serve.
Lak Ananth, Managing Director, Hewlett Packard Ventures
HP already has a deep partnership with the Tamr leadership team, and we’re thrilled to strengthen it with this investment. Prior to founding Tamr, Andy and Michael co-founded Vertica, which is now a key pillar of HP’s Big Data platform. As a strategic partner, we’ll help Tamr build enterprise-grade products and a global go-to-market strategy.