Promethium Reels In $26 Million Series A

<p id&equals;"viewer-4463t" class&equals;"mm8Nw &lowbar;1j-51 &lowbar;1atvN &lowbar;1FoOD &lowbar;3M0Fe &lowbar;2WrB- &lowbar;1atvN public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class&equals;"&lowbar;2PHJq public-DraftStyleDefault-ltr"><strong>MENLO PARK<&sol;strong> &&num;8212&semi; Promethium&comma; a next-generation collaborative analytics platform for business users and data teams&comma; has raised &dollar;26 million in a Series A round led by Insight Partners&comma; with participation from existing investors &period;406 Ventures and Zetta Venture Partners&period; The new round brings the startup’s total funding to &dollar;34&period;5 million since its 2018 inception&period; <&sol;span><&sol;p>&NewLine;<p class&equals;"mm8Nw &lowbar;1j-51 &lowbar;1atvN &lowbar;1FoOD &lowbar;3M0Fe &lowbar;2WrB- &lowbar;1atvN public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class&equals;"&lowbar;2PHJq public-DraftStyleDefault-ltr">Promethium says it will use the funding to scale new customer growth by building its sales and marketing efforts&comma; and continuing to innovate its products which are already being used by leading enterprises around the world&period;<&sol;span><&sol;p>&NewLine;<p id&equals;"viewer-cbi49" class&equals;"mm8Nw &lowbar;1j-51 &lowbar;1atvN &lowbar;1FoOD &lowbar;3M0Fe &lowbar;2WrB- &lowbar;1atvN public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class&equals;"&lowbar;2PHJq public-DraftStyleDefault-ltr">Promethium helps data and analytics teams work smarter so they can stay ahead of growing data volumes and business needs&period; Its groundbreaking patented data profiling technology reimagines data analytics by enabling more people to leverage data without having a deep technical understanding of the data infrastructure or waiting for data engineers&period; Unlike other solutions&comma; there is no requirement to first centralize data with ETL&comma; pre-build models or create reports&period; It is a true ad-hoc self-service data and analytics solution for everyone&period; <&sol;span><&sol;p>&NewLine;<p id&equals;"viewer-4a6ou" class&equals;"mm8Nw &lowbar;1j-51 &lowbar;1atvN &lowbar;1FoOD &lowbar;3M0Fe &lowbar;2WrB- &lowbar;1atvN public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class&equals;"&lowbar;2PHJq public-DraftStyleDefault-ltr">In 2021&comma; Promethium was issued a patent for Natural Language Processing &lpar;NLP&rpar; automation &&num;8211&semi; No&period; 11&comma;074&comma;252&comma; &lpar;the &&num;8216&semi;252 patent’&rpar; titled&comma; &&num;8220&semi;Using Stored Execution Plans for Efficient Execution of Natural Language Question&period;” In just one year&comma; Promethium has been used to answer more than 16&comma;000 business questions with data and has saved customers thousands of hours of data consolidation and data preparation&period;<&sol;span><&sol;p>&NewLine;<p id&equals;"viewer-3b9db" class&equals;"mm8Nw &lowbar;1j-51 &lowbar;1atvN &lowbar;1FoOD &lowbar;3M0Fe &lowbar;2WrB- &lowbar;1atvN public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class&equals;"&lowbar;2PHJq public-DraftStyleDefault-ltr">&OpenCurlyDoubleQuote;When I worked as a data analyst the workflows were slow and broken&comma; and they still are today&period; There wasn’t one single solution that made it faster and easier for everyone &&num;8211&semi; technical or not &&num;8211&semi; to leverage data&period; So&comma; we built one&comma; and now the workflow from question to data to answer takes minutes instead of months&comma;” said Promethium CEO and Founder Kaycee Lai&period; &OpenCurlyDoubleQuote;We have always believed that making data easier to use will drive people to make more &lbrack;better&rsqb; data-driven decisions&period; This Series A investment will allow us to ramp up hiring on sales&comma; marketing&comma; product and engineering to fuel the number of enterprises using Promethium to create data-driven answers&period;”<&sol;span><&sol;p>&NewLine;