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    Home»All»The Data Observability Service of Monte Carlo Receives $25 Million in Funding
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    The Data Observability Service of Monte Carlo Receives $25 Million in Funding

    WalterBy WalterDecember 2, 2022No Comments4 Mins Read
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    Whether you’re new to the world of online gambling, or just a fan, it’s important to understand how the game works. If you don’t know how to navigate the site, it can be hard to know whether you’re making the right bet. Fortunately, we’re here to help!

    Monte Carlo

    Founded by Barr Moses, a former VP of Customer Operations at Gainsight, Monte Carlo is a data quality tool. In an era of massive data influx, the company’s platform monitors data inflows to help businesses ensure that data is clean and ready for analysis. This allows companies to spend less time and money fixing data quality issues, which will ultimately improve analytics ROI.

    The company has recently closed $25 million in Series B funding, co-led by GGV and Redpoint Ventures. The company’s total funding to date is $236 million. Its latest round of funding will help the company to scale its engineering and customer experience teams. The company’s platform is a fully automated SOC-2 Type II certified platform that enables teams to monitor the health and integrity of their data. The company’s research has shown that businesses have an average of one data incident for every 15 tables in their environment. This means that companies are facing an increasing number of data quality issues, and they need a solution that can help them overcome these challenges.

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    Other firms are focusing on later-stage startups. One fund in particular, Indico, is interested in sustainable aquaculture and blue economy startups. Another is the ECBF, which launched in February and is backed by the European Investment Bank. Another fund, The Techshop, is aimed at early-stage B2B startups.

    Another fund, Sandwater, has raised EUR70 million. This fund is backed by several foundations. The fund will invest in startups building deep tech. Its portfolio includes Dutch startup In Ovo and edible insect startup Protix. It plans to complete its final close by 2022.

    Another fund, the Sista fund, is focused on early-stage startups that are led by women. It plans to write checks of EUR250k-3m to 30 startups. It will look at fintech, healthtech, games, and mobile.

    Conclusion

    Another fund is Cornerstone VC, which is aimed at diverse UK founders. It has twelve companies in its portfolio. The fund was started by Black angel investors, and has developed into a VC firm. Founders include Caspar Lee and Sasha Kaletsky.

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