AAA Tamr taps corporates for $18m

Tamr taps corporates for $18m

US-based data unification software provider Tamr has completed an $18m funding round featuring GV and Samsung Ventures, subsidiaries of electronics producer Samsung and internet technology conglomerate Alphabet.

Financial services provider SBI also contributed to the round, through its SBI Investment unit, along with Intage Open Innovation Fund, Fenox Venture Capital, Alumni Ventures Group and New Enterprise Associates (NEA).

Tamr has developed a platform that combines machine learning technology and user knowledge to integrate data from various sources in a single place where it can be effectively analysed.

The round followed an investment of undisclosed size by GE Ventures, the corporate venturing vehicle for power and industrial technology producer General Electric, in May 2017.

GV and NEA had supplied an initial $16m for Tamr in 2014, returning for a $25.2m series B round in 2015 featuring data provider Thomson Reuters and subsidiaries of computing equipment producer Hewlett-Packard and insurance firm Massachusetts Mutual Life.

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