Bloomfilter, a Cleveland, OH-based developer of an enterprise software planning application intended to give tech leaders visibility of their software development projects to improve the process and outcomes. The company’s application provides software leaders confidence and peace of mind by integrating into their existing toolsets, enabling users to leverage an organization’s existing data to make advanced analytics and AI to drive real-time activities and attain project success.
Bloomfilter was funded $7 million led by Magarac Venture Partners with participation from Sequoia, HPA, North Coast Ventures, Techstars, and other strategic angel investors.
With the new funding, Bloomfilter plans to continue its mission of providing innovative data management solutions to businesses across industries. As the company grows, it aims to become a leading player in the field, helping organizations of all sizes and types harness their data power.
Bloomfilter’s software utilizes advanced algorithms and machine learning to help businesses efficiently manage and analyze their data. By streamlining the data retrieval and analysis process, Bloomfilter aims to help organizations make more informed decisions and improve their overall performance.
The company was founded by a team of experienced software engineers and data scientists who recognized the need for a more practical approach to data management. With the new funding, Bloomfilter plans to accelerate its development roadmap, expand its team, and enhance its product offering.
Andrew Wolfe and Erik Severinghaus Co-CEOs of Bloomfilter, said they’re thrilled to have the support of Magarac Venture Partners and other investors as they continue to grow and scale their business. Their goal is to help organizations unlock the full potential of their data, and this funding will enable them to bring their technology to even more companies worldwide.
The demand for effective data management solutions has increased in recent years, with many organizations needing help to make sense of the vast amounts of data they collect. Bloomfilter’s technology offers a streamlined solution to help businesses save time and resources while making better decisions.
By: K. Tagura
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