Stardog Expands Series B Round of Financing with Additional USD 3 Million

By: Retail CIO Outlook | Monday, May 11, 2020

Stardog's enterprise knowledge graph platform is used by industry leaders, including Morgan Stanley, NASA, Schneider Electric, and Bayer

Fremont, CA: Leading enterprise knowledge graph platform Stardog secured an additional USD 3 million from new investors Contour Venture Partners, Dcode Capital, and Presidio Ventures, the corporate venture capital arm of Sumitomo Corporation, to expand its Series B financing round to a total of USD 11.4 million. Proceeds from the additional round will be used to scale go-to-market operations, following the market's increasing interest in knowledge graph technology.

"Our new partners have deep knowledge in critical areas of our go-to-market," said Kendall Clark, CEO, and Founder of Stardog. "We plan to expand our successful EU operations, strengthen our work in the public sector, and to develop tools and partnerships to broaden access to knowledge graphs." Stardog's enterprise knowledge graph platform is used by industry leaders, including Morgan Stanley, NASA, Schneider Electric, and Bayer. Customers use Stardog for a range of solutions, including operational resilience, pharmaceutical R&D, and situational awareness.

"Now more than ever, knowledge graphs are poised to have a strategic impact on the data management landscape," said Clark. "People need tools that can handle complexity, allowing them to adapt accordingly. Knowledge graphs are proven to do just that by unifying data that is varied, hybrid, and changing to deliver insight reliably." The company's platform makes use of a unique combination of graph storage and virtualization capabilities for flexible, cost-effective data integration. Earlier in March, Stardog was recognized by Fast Company in its annual list of the World's Most Innovative Companies as the 7th most innovative Enterprise.

The company turns data into knowledge to power more effective digital transformations. Stardog is a privately held, venture-backed company headquartered in Arlington, VA. Stardog is a reusable, scalable knowledge graph platform that enables enterprises to unify all their data, including data sources and databases of every type, to get the answers needed to drive business decisions. Stardog’s enterprise customers include Fortune 500 companies in finance, healthcare, life sciences, energy, media, and government.