Helps customers realize the power of their data DNA for the age of intelligent business
Los Angeles-based data integration enterprise SaaS company, Matchbook AI said Monday it has closed a $1.3 million funding seed round.
Earlier this year, Matchbook participated in ExpertDojo’s summer cohort and was successful in securing financing from three institutional investors, including Incisive Ventures, CrossCut Ventures and Panache Ventures.
The world is producing more data than ever while more than 80 percent of companies struggle with unstructured data. DOMO reports individuals are contributing more than 2.5 quintillion data bytes daily in 2020. As data becomes the world’s most valuable commodity, Matchbook is seeing incredible growth, specifically among the top FORTUNE-ranked companies that need to master their data and integrate cleanly with third-party data.
“As we gear up our sales and marketing efforts, we are confident that we will soon achieve $3 million in annual recurring revenue (ARR) with current ARR of $1.3 million,” said Rushabh Mehta, Matchbook AI’s founder and CEO. “Data should be trusted, enriched and always ready. I feel very confident in our approach as we take these next steps and help companies understand their data DNA in this age of intelligent business.”
Brenda McCabe, Matchbook strategic advisor says they were able to take advantage of a disruptive time to hunker down and get to work.
“We doubled Matchbook sales and staff during a very challenging pandemic year,” Brenda says. “This initial success is a direct outcome of our commitment to democratize access to high quality data through Matchbook’s unique algorithms, focused processes and the proprietary data experience of our UX/UI.”
About Matchbook AI
Founded in August 2018, Matchbook AI is an enterprise data integration, governance and management solution that masters data to ignite intelligent business with the power of AI. Matchbook’s platform delivers trusted, enriched data in real-time across the enterprise for a fast-growing customer roster of FORTUNE 100 corporations.