Data Dive #19: 🗞️ How Datalogz Is Using The Newly Raised $5M to Mitigate BI Sprawl
Datalogz has secured $5 million in funding led by GreatPoint Ventures.
Datalogz was featured on TechCrunch!
Datalogz, the pioneer in ending BI sprawl for data-mature organizations globally, announced that it has secured $5 million in funding, led by GreatPoint Ventures, with participation from Graphene Ventures, Squadra Ventures, Berkeley Skydeck, Defined, Mana Ventures, and Trajectory Ventures. This significant milestone brings the startup’s total fundraising for 2023 to just under $8 million.
The strategic investment propels Datalogz’s mission to end business intelligence (BI) sprawl at every data-mature company. This is a problem that happens as data adoption increases. Many companies are using multiple business intelligence platforms, leaving them with thousands of dashboards, while increasing the complexity and volume of data, reporting, and analytics. This results in duplication, unused dashboards, security risks, and inefficiencies.
Datalogz raised a previous round of funding earlier this year, and, and delivered successful pilots with some of the largest public companies in the world. Now, with increased resources, proven success, and top talent, the company is well-positioned to support every data-mature Fortune 500 company.
About 70% of companies have three or more business intelligence platforms, such as Power BI, Looker, Qlik, or Tableau. The BI sprawl that inevitably comes with this report proliferation is overtaking data mature organizations. What if an organization has the same KPI being reported in twenty different dashboards with slightly different calculations? Unfortunately, this is the reality for most data-mature organizations. This leads to wasted compute, but more importantly could result in major business consequences, as costs, risk, and labor efforts rise exponentially.
🦠 End BI Sprawl with Datalogz
Are you grappling with the complexities of multiple BI platforms and the overwhelming sprawl of dashboards in your organization? It's time to discover how Datalogz can streamline your data management, reduce costs, and enhance efficiency.
Join us for an exclusive demo of Datalogz's innovative solution. Witness firsthand how our platform can revolutionize your BI operations, offering unprecedented control, clarity, and actionable insights.
🇲🇽 Mexico City Data Leaders Dinner
Pablo from Datalogz recently hosted a dinner in Mexico City with data leaders who are rocking the Data and AI scene in Latin America!
🎾 Data and Pickleball
Our final data leader event of the year was a blast! At our Data & Pickleball event, we brought together data folks from the NYC area and we got to network, eat, drink, and of course engage in a little friendly competition.
