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Mode raises $33M to supercharge its analytics platform for data scientists

Data science is the name of the game these days for companies that want to improve their decision making by tapping the information they are already amassing in their apps and other systems. And today, a startup called Mode Analytics, which has built a platform incorporating machine learning, business intelligence and big data analytics to help data scientists fulfil that task, is announcing $33 million in funding to continue making its platform ever more sophisticated.
Most recently, for example, the company has started to introduce tools (including SQL and Python tutorials) for less technical users, specifically those in product teams, so that they can structure queries that data scientists can subsequently execute faster and with more complete responses — important for the many follow up questions that arise when a business intelligence process has been run. Mode claims that its tools can help produce answers to data queries in minutes.
This Series D is being led by SaaS specialist investor H.I.G. Growth Partners, with previous investors Valor Equity Partners, Foundation Capital, REV Venture Partners, and Switch Ventures all participating. Valor led Mode’s Series C in February 2019, while Foundation and REV respectively led its A and B rounds.
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