The seed funding helps bring Metrolink to a $65M valuation. Here are the top-line bullets you need to know.
Metrolink, developer of a data management, workflow, and transformation platform, has raised $22M in seed funding. The round drew participation from Eclipse Ventures and Grove Ventures.
HOW’S THE COMPANY PERFORMING?
- Israel-based Metrolink is developing a data platform that will help accelerate and simplify data collection and integration processes for data scientists, developers, and analysts.
- The company offers on-premises and cloud solutions that clients can use to build their own dataflow pipelines.
- The company reportedly has 12 customers and a gross margin profile below 90%.
- Metrolink currently has less than 15 employees and expects to increase its headcount by 50% by the end of the year.
- The startup has offices in Israel and California.
Source: Metrolink
WHY DOES THE MARKET MATTER?
- The global enterprise data management market is expected to grow at a CAGR of 13.8% and reach a value of $208.9B by 2028, according to Grand View Research.
- The market’s growth is likely to be spurred by the rising demand for real-time data, increasing adoption of IoT devices, and a greater focus on regulatory compliance.
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