Stardog secures $9M Series B to enable enterprises unify all their data and drive business decisions using knowledge graph technology
Stardog, a tech startup and enterprise data unification platform that leverages knowledge graph technology to power more effective digital transformations, has raised $9 million in Series B round financing to launch new product offerings and scale go-to-market initiatives. The round was led by Tenfore Holdings, with participation from Grotech Ventures, Boulder Ventures, and Core Capital. To date, Stardog has raised a total of $20 million in equity financing. In conjunction with the funding, Stardog also announced that Dan Levine, Managing Partner at Tenfore Holdings, is joining its board of directors.
Founded in 2005 by Evren Sirin, Kendall Clark, and Michael Grove, Stardog provides a reusable, scalable knowledge graph platform that enables enterprises eliminate data silos and unify all their data, including data sources and databases of every type, to get the answers needed to drive business decisions. Stardog’s enterprise customers include Fortune 500 companies in finance, healthcare, life sciences, energy, media, and government. Some of its customers include Morgan Stanley, Dow Jones, Siemens, and the U.S. Air Force.
With the this capital infusion, Stardog will expand its product offering to include a Knowledge Graph as a Service, responding to customer demand for increased automation and seamless cloud deployment. Stardog currently allows customers to deploy instances on-premise or in their private cloud instance. The new offering will enable a hybrid cloud environment, allowing for optimal control and data management.
“Stardog solves the data silo problem that exists in every enterprise by connecting data no matter its format, location, or meaning. The result is deeper insight faster,” said Kendall Clark, CEO and Founder of Stardog. “Responding to customer feedback and market needs means we continually invest in talent and technology to help the largest companies make better decisions. We are thrilled to have Tenfore as a partner in our next phase of growth.”
The new capital will also allow Stardog to add key roles across Engineering, Customer Success, Sales, and Marketing. Recently, Bob More, a seasoned data management executive, joined Stardog to lead Global Sales & Alliances.
“Modern-day problems deal with hybrid, varied, and changing data, which is not always practical or even possible at scale using SQL-based systems,” said Dan Levine, Managing Partner, Tenfore Holdings. “The potential for Stardog’s graph platform to help organizations gain accurate insights from a sea of data is limitless. We are thrilled to support Stardog on their mission to enable fast and flexible data unification.”
Data is increasingly complex and distributed. Traditional data management tools weren’t built to operate in an environment where every kind of data is strategic. Stardog’s unique combination of graph, AI, and virtualization ensures data is always accessible and meaningful. Built to help organizations modernize in place, Stardog complements existing IT infrastructure by layering on top and helping companies finally gain visibility into and across disparate systems.