01/13/2018 | Press release | Distributed by Public on 01/13/2018 16:16
Additional funding led by Tenfore Holdings to accelerate growth of Stardog's leading Enterprise Knowledge Graph Platform
ARLINGTON, VA. (PRWEB) JANUARY 03, 2018
Stardog Union, leading provider of Enterprise Knowledge Graph technology, today announced it has raised an additional $3 million in Series A funding with the addition of Tenfore Holdings.
The new funds will be used to expand operations, including sales and marketing, and to accelerate product development. Tenfore Holdings joins existing investors Grotech Ventures, Core Capital, and Boulder Ventures in closing the Series A at $9 million.
Stardog enables organizations to unify all enterprise data including data sources and databases of every type, regardless of structure, with high flexibility and reusability. Stardog combines a cutting-edge graph database with a world-class knowledge toolkit to empower enterprises to unify data and reuse data models to save time and resources. Since raising a seed round in July, 2016, Stardog has quadrupled revenue and secured some of the most recognizable names in the Fortune 500 as customers, further establishing its position as the leading Enterprise Knowledge Graph.
'Stardog has a track record of helping companies solve their data silo problems. Other solutions today cater to a slice of the enterprise data landscape. Stardog's pace of growth is exciting, and Tenfore is pleased to back this exceptional team,' said Dan Levine, managing member of Tenfore Holdings.
Kendall Clark, Stardog CEO and Co-Founder, added, 'we're thrilled to have Tenfore Holdings as a new partner. Our Knowledge Graph Platform has the potential to transform the way enterprises manage their data. Tenfore's experience, both as investors and operators, and their network will be invaluable in helping us get there.'
For more information on Stardog or to download the platform, please visit http://www.Stardog.com.
About Stardog Union
Stardog is an enterprise knowledge graph platform that allows customers to query massive, disparate, heterogeneous data regardless of structure with a simplicity of implementation. Stardog's enterprise customers include Fortune 500 companies in finance, healthcare, life sciences, energy, media, and government. The company is headquartered in Arlington, Virginia. Stardog is a venture-backed company. For more information, please visit http://www.Stardog.com. Call: 202-408-8770; Email: inquiries(at)stardog.com
About Tenfore Holdings
Tenfore Holdings is an investment management firm that provides operational value-added to growth-stage companies where technology plays a transformative role. We focus on commerce and Big Data equity/debt investments where we can apply our operating experience and strategic relationships to enhance value. We have extensive experience operating at scale, and we understand how to build smaller enterprises to scale. By providing capital, strategic guidance at the board level, and operational support to talented managers, we help companies realize their full revenue, profit and market-value potential for the long-term.
About Grotech Ventures
Founded in 1984, Grotech Ventures is a leading early investor in high-potential technology companies. Grotech seeks innovative, early-stage investments across the IT landscape and continues to invest and add value throughout the life cycle of each portfolio company. The firm has a strong combination of financial backing, industry relationships, and deep domain and operational expertise to accelerate growth. With more than $1 billion in committed capital, Grotech supports early-stage companies through investments starting at $500,000. For more information, visit http://www.grotech.com.
About Core Capital
Core Capital is a venture capital firm headquartered in downtown Washington, DC with approximately $400 million under management across three funds. Core Capital invests in early stage (typically initially investing in the seed or Series A rounds) companies developing or incorporating disruptive, 'core' technologies in high-growth technology sectors. The firm's focus is on companies in enterprise software with particular emphasis on cloud, cybersecurity, data analytics, and mobile, led by seasoned entrepreneurs. For more information, visit http://www.core-capital.com.
About Boulder Ventures
Founded in 1995, Boulder Ventures invests in experienced serial entrepreneurs and their teams building technology and life science companies in Colorado and the Mid-Atlantic region. The firm's portfolio companies in software, networking, data storage, drug discovery and tools, and technology-enabled services, are industry leaders through superior management, market vision, and differentiated products. Boulder Ventures has embraced this focused approach to successful venture capital investing for more than twenty years, raising six venture capital partnerships totaling more than $350 million in committed capital. For more information, visit http://www.boulderventures.com.