19 Jun Tamr Snaps Up $25.2M To Unify Enterprise Data Sources
Tamr, a Cambridge, Massachusetts-based startup that helps companies understand and unify all of the disparate databases across a company, announced a $25.2 million Series B round today.
The investment isn’t from the usual Silicon Valley suspects. It’s a round from a group of strategic investors who really believe in the company’s mission, according to CEO and co-founder Andy Palmer.
New investors include from Hewlett Packard Ventures, Thomson Reuters, MassMutual Ventures and other unnamed participants. Existing investors NEA and Google Ventures also participated.
Today’s investment brings the total raised to date to $42.4 million, according to the company.
Palmer believes that Tamr could have the same impact on the enterprise that Google had on the web. Instead of having an algorithm that goes out and finds web pages, the Tamr algorithm goes out and finds databases.
It’s a lofty comparison, but he says the problem for larger companies today is that they have all of these databases and have no idea what data they have. Not knowing what you have is a dangerous situation in Palmer’s view because data can walk out the door and the company will have no idea it happened.
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