Arcellx Raises $115M in Series C Financing
23 Apr, 2021
– Rivery, a data management platform geared toward enterprises, today closed a $16m series A round, bringing its total raised to date to over $22m.
– The company says the funds will be put toward expanding the size of its workforce and growing its international footprint.
– Enterprise data collection is expected to increase substantially over the next few years, but a chunk of data remains unleveraged, due to challenges in management and security.
– A Forrester survey found that between 60% and 73% of all data within corporations is never analyzed for insights or larger trends, while a separate Veritas report found that 52% of all information stored by organizations is of unknown value.