Tamr, a data analytics startup that draws on AI techniques to hasten analytics workflows, announced that it has secured new funding worth $10 million from Pear Tree Partners and Granite Hill Capital Partners. Tamr has now raised over $68 million in total startup money. Firms that have licensed Tamr’s products include Novartis, Toyota, GE, GSK, and Thomson Reuters.
An excerpt from VentureBeat’s article on Tamr:
The funds will fuel future growth, cofounder and CEO Andy Palmer told VentureBeat. “We’ve had a record start to 2018,” Palmer said. “With our round of funding now complete and the addition of four highly experienced new board observers, we’re on track to continue our rapid growth as we redefine how companies solve previously intractable data unification challenges.”
Tamr’s full stack, AI-powered software solution unifies disparate datasets by generating a “table of contents” for data. Cofounder Mike Stonebraker of MIT’s Computer Science and Artificial Intelligence Laboratory first proposed the idea in a paper about a “data tamer system” for large-scale curation. The software runs on-premises or in the cloud and uses algorithms to identify relationships between data sources and identify domain experts who can integrate those sources in the most effective way possible.
