Data analytics company Explorium attracts $31M

Israeli company Explorium, founded in 2017 by the CEO Maor Shlomo, Omer Har and Or Tamir, has attracted $31 million in a Series B funding round led by existing investor Zeev Ventures. Adam Bain, Twitter’s former COO, VC fund Dynamic Loop Capital and seed investors Emerge and F2 Capital also joined the round, reports Globes.   

Explorium co-founders: CTO Omer Har, CEO Maor Shlomo, Omer Har and COO Or Tamir

The company develops automated data science platform that links customers to the thousands of relevant data sources worldwide they need for better decision-making and allows them to build better predictive models concerning sales, risks or prices for the next month, for example.

“The greatest analytical challenge organizations will face over the next decade is finding the right data to feed their models and automated processes. The right data assets can make or break a company, or even propel a company to market leadership,” Shlomo explained.

Explorium has not disclosed its revenue but according to the company, it has tripled the number of customers since September. Recent customers include enterprises such as small-business lender OnDeck, global media agency CrossMedia, small business banking provider BlueVine, online eyewear retailer GlassesUSA, and small business loan provider Behalf.