DENVER, June 11, 2020– Flatfile, a drop-in spreadsheet importer raises $7.6 million in funding led by Two Sigma Ventures, with participation from existing investors including Afore Capital, Designer Fund, and Gradient Ventures, Google’s AI-focused venture fund.
New investors HNVR, Work Life Ventures, Quiet Capital, Basecamp Fund, and Soma Capital also participated in this round.
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.
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.
“We’re already saving users more than 10,000 hours per month with AI-assisted, self-service data imports,” Crane said.
Flatfile’s new product, Concierge, is designed with enterprise-scale data onboarding in mind.
It provides secure workspaces for collaboration between organizations, allowing customers to manage complex data ingestion challenges for the hundreds or thousands of organizations they serve.
Concierge reduces the time and effort required to transmit, normalize, and validate complex data sets in a no-code environment that can be configured in minutes, all while retaining the benefits of Flatfile’s underlying data healing API.