California, The U.S-based data integration platform Equalum raised USD 14 million in Series C funding. The round took place on August 8, 2022. Planven, United Ventures, Innovation Endeavours, and Saints Capital contributed the funds for the platform. Meanwhile, SpringTide Ventures joined the company as a new partner.
So far, the total funds raised by the company stand at USD 39 million.
Purpose of funding by Equalum
With the latest proceeds, the data integration company seeks to fuel the expansion of its global footprint. Equalum, with the help of the new investment, has plans to enhance its product development.
Meanwhile, the company aims to accelerate its rapid growth trajectory as it wants to meet the demand for “cloud first” organizations developing new processes or transforming old techniques in the cloud.
What the CEO has to say
Guy Eilon, CEO of Equalum, said, “The success of an organization can more often be measured by its ability to quickly access, move and process business-critical data for a wide range of important applications. With the mission of taking data integration to the next level, this round extends our reach to a greater number of enterprises seeking a more performant, efficient solution.”
What the investor has to say
David Marek, Executive Director, SpringTide Ventures, said, “Equalum’s unified platform differentiates the company from others in the space by delivering the ability to leverage a single platform to seamlessly integrate data from numerous sources to numerous targets while eliminating data silos and facilitating the deployment of cloud-based solutions. This greatly simplifies operations so that resources can focus on core competencies and more effectively and quickly deliver on strategic initiatives. Over the past several years, Equalum has seen impressive growth, driven by the company’s flagship platform. Now with a mature, production-proven technology generating strong demand in the market, this round provides the resources to build upon their already substantial customer base.”
About the company
Erez Alsheich, Nir Livneh, and Ofir Manor co-founded the company in June 2015. Equalum is the leading provider of data integration and ingestion solutions. The platform helps industry organizations connect, transform, manipulate, and synchronize disparate data from multiple sources at unmatched speed and scalability.
Equalum’s continuous data integration platform is the only solution that natively supports all data integration uses under one unified platform. Besides, it operates with zero coding. Its clientele boasts Warner Bros Entertainment Inc., Siemens AG, GSK plc, Microsoft Corp., Oracle Corp. and General Electric Co.
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