Harbr Raises $38.5 Million For Enterprise Data Exchange Platform

Harbr Raises $38.5 Million For Enterprise Data Exchange Platform

by NeoTech Post

Harbr, an enterprise data exchange platform, announced a $38.5 million Series A investment round co-led by new investors Dawn Capital and Tiger Global Management. 

Mike Chalfen, Boldstart Ventures, Crane Venture Partners, Backed, and Seedcamp also participated. Including the latest funding round, Harbr has raised more than $50 million to date.

“Despite significant investments in data-focused technologies and teams over the last decade, most enterprises are still unable to deliver targeted outcomes from data in a timely and scalable manner. The secure data sharing and collaboration capabilities of Harbr’s enterprise data exchange platform fast-track those outcomes,” said Gary Butler, CEO and co-founder, Harbr. 

Harbr helps enterprises realize the full value of their data by generating new insights, improving decision making, and monetizing data. Its cloud-based data exchanges convert data into products that are easy to find, use, share and manage. 

The Harbr platform facilitates distributed data ownership and fosters collaboration between internal and external stakeholders. Collaborators can share the results of their efforts as custom data products on the data exchange, replacing one-off processes with repeatable cycles of value creation. Harbr maximizes existing investments in data lakes, warehouses and analytics and data science tools by making data easily accessible to the right people to address dynamic business needs.

Harbr will use this new investment to scale its team so it can onboard new enterprise customers at an accelerated rate. After doubling in size in 2020, the company plans to triple its number of employees in 2021. Customer growth, sales, and marketing will be centered in the US, while the UK remains the hub for engineering and R&D investment. 

Image by Free-Photos from Pixabay