Flatfile Raises $7.6m From Two Sigma Ventures, Google’s AI Fund, and Others to Make Data Onboarding Easy for Enterprises
Flatfile, known for its drop-in spreadsheet importer, announced $7.6 million in Seed funding led by Two Sigma Ventures, with participation from previous investors including Afore Capital, Designer Fund, and Gradient Ventures, Google’s AI-focused venture fund, as well as new investors HNVR, Work Life Ventures, Quiet Capital, Basecamp Fund, and Soma Capital. The funding coincides with the launch of Concierge, its newest product focused on data onboarding for large enterprises.
Founded in 2018 by David Boskovic (CEO) and Eric Crane (COO), Flatfile’s mission is to remove barriers between humans and data. The company’s software products focus specifically on solving the problem of data onboarding, the process businesses use to accept data from other organizations.
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Boskovic adds, “This problem is so challenging that traditional data companies have ignored it for decades. That leaves data onboarding primarily in the hands of overwhelmed services teams. At Flatfile we’re coupling simple, human-focused experiences with advanced machine learning to exponentially accelerate the ability for organizations to adopt new technology.”
Flatfile’s initial product offering, Portal, serves as an elegant import button™ that is easily embedded in software applications via a JavaScript snippet. Hubspot, Toast, Housecall Pro, among hundreds of other organizations rely on Flatfile Portal to provide their users with an intuitive data import workflow. Utilizing machine learning, Flatfile automatically learns how imported data should be structured and cleaned, enabling customers and teams to spend more time using their data instead of fixing it.
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