Equalum grabs $18M Series B to help companies ingest data faster
Equalum, an Israeli startup, which helps companies gather data from a variety of enterprise sources, announced an $18 million Series B investment today.
The round was led by Planven Investments . Other participants included United Ventures and prior investors Innovation Endeavors and GE Ventures along with a group of unnamed individuals. Today’s haul brings the total raised to $25 million, according to data provided by the company.
Equalum CEO and founder Nir Livneh says his company essentially acts as the data pipes to feed artificial intelligence, machine and more traditional business intelligence requirements. “Equalum is a real-time data ingestion platform. The idea of the platform is to be able to [gather] data coming from a bunch of enterprise system sources and be able to centralize that data and send it in real-time into analytic environments and feed those analytic environments,” Livneh explained.
He sees the money from this round as a way to continue to expand the original vision he had for the company. His approach in many ways is a classic Series B play. “I think the original thesis was validated. We have proven that we can go into Fortune 100 companies and get our solution adopted quickly,”