Promethium, an AI-driven augmented data management platform, raised $6 million in a funding round.
.406 Ventures led the round with participation from existing investor Zetta Venture Partners. As part of the funding, Graham Brooks, Partner at .406 Ventures, has joined Promethium’s Board of Directors.
Promethium plans to use the new funds to accelerate its go-to-market strategies and continued innovation of its Data Navigation System (DNS), which the company launched last October.
According to the company, its DNS solution is built to automatically discover, validate, and assemble data to provide data to BI tools like Looker and Tableau in minutes instead of months. The DNS solution allows enterprises with multiple data sources to instantly answer critical business questions without having to wait or worry about data ingestion, integration, discovery, and preparation.
“The response we’ve gotten after officially launching our AI-powered Data Navigation System has been nothing short of phenomenal,” said Kaycee Lai, CEO and Founder of Promethium. “Our customers are transforming themselves into data-driven powerhouses because we allow their non-technical business users to directly tap their organization’s entire data estate and quickly deliver value back to the enterprise. This is what real-time data analytics was supposed to be about, and with Promethium, it’s finally a reality.”
“As a thesis-driven investor, .406 Ventures realized that the manual work provided by data engineers was greatly slowing and reducing the impact of millions of business analysts. We have been searching for a solution that eliminates the friction preventing users from using analytics in real-time to answer important business questions,” said Graham Brooks, Partner at .406 Ventures.” “Promethium solves exactly that challenge and enables analysts to leverage enterprise data across different schemas, database technologies, and locations. We are very excited to partner with the Promethium team as they bring their ground-breaking technology to market.”