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Flatfile Raises $50 Million Series B to Streamline the Data Exchange Process

More than 500 companies already use Flatfile for customer data exchange; new offerings will enable enterprise companies to slash data importing and activation time by monthsDENVER, Sept. 27, 2022 /PRNewswire/ -- Flatfile, the pioneer of AI-assisted data exchange, today announced $50 million in Series B funding led by Tiger Global. Investors participating include Gradient Ventures, Scale Ventures, Workday Ventures, Afore Capital, and Two Sigma Ventures with angel investors including founding executives and leadership from Airtable, DocuSign, LinkedIn, and Gainsight. Bringing Flatfile's current total funding to nearly $100 million, the round will enable the company to expand and support its fastest growing segment: global enterprise companies.
Flatfile Raises $50 Million Series B to Streamline the Data Exchange Process
"Flatfile is only just at the beginning of its journey to modernize how data is exchanged."Data exchange a?? the process of taking data from one source and moving it to another a?? can take thousands of hours to complete. For enterprise companies, this can mean upwards of six months spent reasoning about the data so the content and meaning is not altered during the exchange - causing delayed customer go-lives, cost overruns, and even lost clients. For product-led SaaS, where customers are often forced to learn how to clean and transform their own data, the issue generally presents itself as missed opportunities.500 software companies already quickly and efficiently acquire data from their customers and partners with Flatfile's platform. Finally, with Flatfile, businesses can stop getting stalled trying to obtain and import data from the outside. "With Flatfile, we've been able to shorten development cycles and increase usability of our data upload functionality to the delight of our customers." said Ammiel Kamon, CTO of OpenGov, and a Flatfile customer.
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