Coalesce Secures $26 million Series A Funding
Original article by Stephanie Schlegel
Coalesce, the only data transformation tool built for scale, has secured $26 million in Series A funding, funding that will help them continue to invest in their data transformation platform and ecosystem to revolutionize the data industry.
Following $5.92 million in seed funding earlier this year, this round was led by Emergence Capital with seed investors 11.2 Capital, GreatPoint Ventures and Industry Ventures also participating. This new round of funding is a driving factor in product development and team growth at Coalesce.
January 2022 Coalesce launched with the objective of making data transformations easier to perform. Data transformations have historically been the cause of the largest delays in the data analytics supply chain. Coalesce’s enterprise-ready platform uses the Snowflake data cloud to scale data transformations to the biggest data warehousing applications in the world.
“The value of data has been talked about for decades but no one has developed a way to make data usable that is both easy and scalable,” said Joe Floyd, General Partner at Emergence Capital. “When Armon and his team walked us through the product and vision, I knew that this team was creating something unique. Early customers clearly see the value in their technology and we are excited to partner with Coalesce.”
With expansion into EMEA, achieving SOC 2 compliance, and the onboarding of strategic partners such as Snowflake and Fivetran, Coalesce has been able to build the groundwork for significant customer growth in less than a year.
With a unique code-first, intuitive graphical user interface (GUI), Coalesce helps data experts to accelerate data transformations without losing flexibility. With this combination of efficiency of automation and flexibility of code, data teams are able to increase their productivity, data insights as well as the quality of their data.
“Data experts and data are the cornerstones of every insight. To make data valuable, it must be transformed in the right way, and adapt to change over time,” said Armon Petrossian, CEO and co-founder of Coalesce. “We’re building a world-class organization to help data teams quickly model and transform data at scale. Along this journey, it was a priority for us to find the right investment partners that understand our vision. We’re excited to team up with Emergence Capital, they immediately recognized the value of our cloud data transformation platform and how it will revolutionize this industry.”
With never seen before efficiencies for automatically generating data transformation code in the cloud, Coalesce is evolving transformations and empowering teams with the only transformation tool built for scale. To learn more visit https://coalesce.io/.