Cube, a San Francisco, CA-based provider of a universal semantic layer for data applications, has successfully raised $25 million in its latest funding round.
Key Highlights:
- Funding Details:
- Amount Raised: $25 million
- Lead Investor: Databricks Ventures
- Participating Investors: Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures
- Total Funds Raised to Date: $48 million
- Board Updates:
- Nnamdi Okike, Co-founder and Managing Partner of 645 Ventures, joins as a board observer for Cube’s Board of Directors.
About Cube:
- Leadership:
- CEO: Artyom Keydunov
- Product Offering:
- Cube Cloud: A universal semantic layer that aids companies in managing and optimizing their analytics workflows. It unifies business logic, centralizes governance and security, optimizes query performance, and integrates with any data endpoint.
- Performance and Integration: The layer ensures that any data source can be optimized for performance, accuracy, and consistency before being utilized in any data application—whether internal, external, human, or bot-facing.
- Adoption and Reach:
- Server Installations: Cube Cloud is installed on 90,000 servers.
- User Base: 4.9 million users.
- Customer Base: Includes 203 companies within the Fortune 1000.
Purpose of Funding:
- Strengthening Go-to-Market Activities: Enhancing efforts to bring Cube’s solutions to a broader market.
- Advancing Cube Cloud’s Capabilities: Expanding and improving the functionalities of Cube Cloud, with a focus on integrating new AI functionalities.
Cube aims to revolutionize the analytics workflow by providing a robust, universal semantic layer that simplifies and enhances data integration and performance. The additional funding will support its mission to expand its capabilities and market presence, ensuring that companies can optimize their data applications effectively.
