Explorium Overview
Explorium provides an external data platform for improving analytics and machine learning. The companys solution enables organizations to automatically discover and utilize thousands of relevant data signals in order to improve predictions and model performance. Exploriums external data platform allows data scientists and analysts to acquire and integrate third-party data efficiently, cost-effectively, and in compliance with regulations. With faster, better insights from their models, organizations across FinTech, insurance, consumer goods, retail, and eCommerce can increase revenue, streamline operations, and reduce risk.
Cumulative Funding Raised Over Time ($)
Latest News
growth-negative
חברת הסטארט-אפ אקספלוריום מפטרת כ-10% מעובדיה כלכליסט
Explorium, a company that develops technology for predictive analytics using big data, is laying off 15-10 employees. The company has raised $127 million to date, with its latest funding round led by Insight Partners and participation from existing investors 01 Advisors, Dynamic Loop, Zeev Ventures, emerge, F2 Capital, and Fort Ross Ventures. Exploriums technology connects internal customer data with external data sources to create a search engine-like tool for information on businesses, websites, locations, behavior, and events over time. Companies like PepsiCo Optimax, Melio, and BlueVine use Explorium to build machine learning models for marketing activities such as lead scoring, improving risk models, fraud detection for lenders, or upgrading critical analytics activities for sustainable growth, such as demand forecasting and customer lifetime value.
Layoffs
growth-positive
Explorium uses machine learning to meet pandemic-fueled need for external business data - SiliconANGLE
Explorium Inc., a company that uses machine learning to extract relevant data from a large amount of external sources, has seen a change in the data market due to the pandemic. The companys platform has been used by customers to make decisions when traditional data sources were disrupted. The platform can extract, aggregate and integrate relevant data characteristics from external sources and match those with a customer’s internal datasets. The company has recently closed two funding rounds, a Series B for $31 million last July and a $75 million Series C in May.
CustomersInvestment
growth-positive
Explorium Named a Cool Vendor By Gartner
Explorium has been included in the list of Cool Vendors in AI Core Technologies by Gartner. The report highlights the challenges of obtaining quality training data for AI tasks and the importance of enriching models with external data. Exploriums platform addresses these challenges and enables organizations to find relevant data for their predictive models. The company considers its inclusion in the report as confirmation of its mission to enable customers to unlock the power of external data. Explorium provides the first External Data Platform to improve analytics and machine learning, allowing organizations to automatically discover and use thousands of relevant data signals. With better insights from their models, organizations can increase revenue, streamline operations, and reduce risks.
PartnersCustomers
growth-positive
Explorium raises $75 million led by Insight Partners to expand data science platform
Data science startup Explorium has closed a $75 million series C funding round, bringing its total investment to over $127 million. The company has doubled its customer base and more than quadrupled its revenue since the start of the COVID-19 pandemic. Explorium plans to significantly increase its workforce and become the platform for searching data. The CEO stated that COVID-19 made the world more efficient and accessible, leading to increased demand for data resources. Exploriums External Data Platform helps analysts and data scientists find relevant external data signals to improve analytics and machine learning. The platform is used by companies like BlueVine, GlassesUSA.com, Melio, and PepsiCo for enhancing AI models in various use cases.
CustomersInvestmentExpand
growth-positive
Meet the 'Data Hunters': Explorium's platform aims to commoditize Big Data in Covid-19
Explorium, an automated data science platform, helps businesses filter and analyze vast amounts of data to improve sales and performance. The company raised $31 million in series B funding and offers a platform that highlights the most relevant predictive variables from various data sources. It serves a wide range of industries and use cases, including sales teams, retailers, and even movie studios. Explorium gathers data from open and public sources, premium data partnerships, and its own generated data sources. The company has seen growth during the COVID-19 pandemic as traditional predictive models became ineffective. Explorium employs a team of Data Hunters to search for accurate and relevant data, providing a cost-effective solution for businesses.
CustomersInvestment
| Sector | Business Software |
Funding
| Total funding | $125.1M |
| Last funding | $75M |
| Stage | C |
| Rounds | 4 |
| Investors | 9 |
Team Members
5
Employees: 51-200
Web & Social Links
| Website | www.explorium.ai |
| Careers | Careers page |
Locations
Daniel Frisch St 3, Tel Aviv-Yafo, Israel
400 Concar Dr, San Mateo, CA 94402, USA
2000 Ashton Blvd, Lehi, UT 84043, USA
Photos & Videos
1 item(s)
