Montara – a data development platform that enables organizations to deliver better data products faster – announced the successful close of a $5.4 million round of seed funding led by Norwest Venture Partners. And the funding was joined by angel investors, including Borge Hald, co-founder and former CEO of Medallia. Montara will use the new capital to scale its go-to-market activities and product development.
Utilizing data effectively is a critical success factor for businesses across industries in today’s fast-paced digital landscape. And companies have to efficiently develop and deliver data products to remain competitive. Montara addresses this need through its innovative, unified, AI-powered Data Development Platform – which offers an integrated approach to data development and deployment.
This platform enables data engineers, data analysts and other stakeholders to collaborate seamlessly within one tool and workflow using a single AI-powered application, user interface and data model. Its unified, all-in-one platform helps teams deliver better data products, faster and more cost-effectively.
KEY QUOTES:
“Throughout my career, I’ve seen how challenging it can be to integrate various data tools, meet diverse stakeholder requirements, and manage a complex tech stack to extract meaningful data insights. We built Montara from the ground up to enable fast, collaborative data development while simplifying the tech stack and integrating smoothly with existing tools like dbt. This funding will enable Montara to satisfy growing customer demand.”
– Ori Soen, founder and CEO of Montara
“The ability to effectively conduct data development is critical to success in today’s world. Montara’s pioneering Unified Data Development Platform empowers organizations to deliver better data products and insights faster. With its strong and experienced leadership team, Montara is well-positioned to lead in this fast-growing category.”
– Dror Nahumi, general partner at Norwest
