- June 25, 2021
- Posted by: Stratford Team
- Category: Business
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Incorta, an analytics platform designed to speed up data ingestion, this week announced it has raised $120 million in funding contributed by Prysm Capital, with participation from National Grid Ventures, GV, Kleiner Perkins, M12, Sorenson Capital, Telstra Ventures, Ron Wohl, and Silicon Valley Bank (in the form of a credit facility). CEO Scott Jones says the capital, which brings Incorta’s total raised to $195 million, will be used to expand go-to-market operations and meet demand for Incorta’s analytics products.
According to a recent IDC study, 70% of CEOs acknowledge that their organization needs to become more data-driven, with 87% saying becoming more agile and integrated over the next five years is a top priority. Meanwhile, a new study from Ventana Research highlights where companies struggle most with data analytics. Fifty-five percent of…
