Datafold Secures $20 Million Series A

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Datafold&comma; a data reliability platform that automates the most tedious parts of data engineering workflows&comma; has secured &dollar;20 million Series A funding round&period; Backed by NEA and Amplify Partners&comma; Datafold seeks to expand its proactive approach to data reliability to help companies unlock more growth using high-quality data&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Poor data quality is the primary challenge for companies to become data-driven and a constant source of stress and overwork for data professionals&comma;” said Gleb Mezhanskiy&comma; Datafold founder and CEO&period; &OpenCurlyDoubleQuote;Top tech companies pour millions of dollars into creating internal data reliability tools and processes&comma; while the vast majority of data teams have to rely on tedious manual testing or risk shipping incorrect data to their stakeholders&period; We founded Datafold to enable every team that leverages data to make better decisions with tools that help them move fast with high confidence&period;”<&sol;p>&NewLine;<p>Processing data at scale is more affordable than ever thanks to the modern data stack&comma; but data teams are grappling with an explosion of data pipelines and BI assets — and the resulting lack of understanding&comma; trust&comma; and reliability of data&period; Data quality has become the number one impediment to leveraging analytics and expanding AI&sol;ML for data-driven companies&period; This problem is exacerbated by the lack of adequate tools for data testing&comma; monitoring&comma; and observability&comma; along with chronic understaffing of data teams&period;<&sol;p>&NewLine;<p>The company&&num;8217&semi;s customers include Thumbtack&comma; Patreon&comma; Faire&comma; and Dutchie&period;  Datafold’s proactive approach to data quality is fundamental to building and maintaining the highest quality data for data-driven organizations&period; Datafold is on a mission to ensure that no data engineer faces sleepless nights worrying about a hotfix that broke the data or cost their company millions&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Data-driven organizations are becoming the norm across all verticals — every company is a data company now&comma;” said Peter Sonsini&comma; general partner at NEA and incoming Datafold board member&period; &OpenCurlyDoubleQuote;The proactive approach to reliability is standard best practice in software but is still nascent in the data space&period; I’m excited to be a part of Datafold’s future disruptions in the market&period;”<&sol;p>&NewLine;