Semantify Secures Second Funding Round
August 4, 2016
Data-management firm Semantify has secured more funding, we learn from “KGC Capital Invests in Semantify, Leaders in Cognitive Discovery and Analytics” at Benzinga. The write-up tells us primary investor KGC Capital was joined by KDWC Venture Fund and Bridge Investments in making the investment, as well as by existing investors (including its founder, Vishy Dasari.) The funds from this Series A funding round will be used to address increased delivery, distribution, and packaging needs.
The press release describes Semantify’s platform:
“Semantify automates connecting information in real time from multiple silos, and empowers non-technical users to independently gain relevant, contextual, and actionable insights using a free form and friction-free query interface, across both structured and unstructured content. With Semantify, there would be no need to depend on data experts to code queries and blend, curate, index and prepare data or to replicate data in a new database. A new generation self-service enterprise Ad-hoc discovery and analytics platform, it combines natural language processing (NLP), machine learning and advanced semantic modeling capabilities, in a single seamless proprietary platform. This makes it a pioneer in democratization of independent, on demand information access to potentially hundreds of millions of users in the enterprise and e-commerce world.”
Semantify cites their “fundamentally unique” approach to developing data-management technology as the force behind their rapid deployment cycles, low maintenance needs, and lowered costs. Formerly based in Delaware, the company is moving their headquarters to Chicago (where their investors are based). Semantify was founded in 2008. The company is also hiring; their About page declares, toward the bottom: “Growing fast. We need people;” as of this writing, they are seeking database/ BI experts, QA specialists, data scientists & knowledge modelers, business analysts, program & project managers, and team leads.
Cynthia Murrell, August 4, 2016