Dell Technologies Capital and Citi Ventures, subsidiaries of computer maker Dell and financial services firm Citi, both participated in a $20m series B round for US-based data management platform Immuta yesterday.
DFJ Growth, part of the DFJ venture capital group, led the round, which also featured VC firms Drive Capital and Greycroft.
Immuta has built a software platform that helps data scientists locate and analyse artificial intelligence data. As AI becomes more advanced the product can be used to help businesses conform to regulatory guidelines on data.
Daniel Docter, managing director of Dell Technologies Capital, said: “Immuta is uniquely positioned to provide leading enterprises with a platform to quickly operationalise their data for increased access, control and visibility to drive their machine learning and AI programs.
“This latest financing is a testament to Immuta’s leadership and their maniacal focus on supporting their enterprise clients.”
Immuta raised approximately $1.5m in a 2015 seed round featuring Sequoia unit Sequoia Apps, before adding $8m in series A funding from Drive Capital, Greycroft and Conversion Capital in early 2016.