US-based software firm Tamr bags $18m from SBI, Samsung, others

Picture: REUTERS/Kacper Pempel

Data unification firm Tamr Inc has announced the closing of an $18 million round of funding from new investors SBI Investment, INTAGE Open Innovation Fund, Samsung Ventures, Fenox Venture Capital, and Alumni Ventures Group.

Other investors in the round were existing backers including NEA and GV, the startup said in an official release.

Boston-based Tamr provides a software platform that applies machine learning supplemented by human expertise to large-scale data curation challenges. It counts GE, Toyota, Thomson Reuters, and GSK among its customers.

The fresh capital will enable Tamr to continue its rapid growth, a statement said.

“Our mission when we founded the company in 2013 was to enable large enterprises to unify key data to realize maximum strategic and operational benefit. This new financing underscores the strategic importance of that mission as well as our ability to deliver for our customers. DataOps — our vision for how enterprises can reinvent the way they manage data to accelerate digital transformation — is fast becoming a reality and driving widespread adoption of Tamr’s best-of-breed data unification solutions,” said Tamr co-founder and CEO Andy Palmer.

Commenting on the investment in Tamr, SBI Holdings CEO and President Yoshitaka Kitao said: “We have chosen to invest in Tamr because their innovative application of machine learning to the long-standing challenges of large-scale data integration has enormous disruptive potential. The company has already demonstrated that it can deliver impressive results for customers in several different industries, and we are excited to partner with them to further accelerate their growth.”

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.