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Analytics startup Unsupervised raises $35M to spot patterns in enterprise data

– Boulder, Colorado-based Unsupervised, a big data analytics company leveraging AI to find patterns in business data, today announced that it raised $35 million in a series B round led by Cathay Innovation and Signalfire. – Unsupervised says that it intends to use the funding to hire additional employees as it continues to develop its platform. – Most enterprises have to wrangle countless data buckets, some of which inevitably become underused or forgotten. – A Forrester survey found that between 60% and 73% of all data within corporations is never analyzed for insights or larger trends. – The opportunity cost of this unused data is substantial, with a Veritas report pegging it at $3.3 trillion by 2020.