Analytics Platform Provider, Unsupervised secured $35 million in Series B funding round

Unsupervised, a Colorado-based automated analytics platform provider has now secured $35 million in a Series B funding round.

Unsupervised is founded by Noah Horton. Unsupervised offers a singular end-to-end platform that includes automating tasks that typically require months and manual resources such as aggregation, data preparation, insight discovery, and feature engineering. To date, Unsupervised raised a total of $55 million in all funding rounds.    

Noah Horton, CEO, and co-founder of Unsupervised, said, "We’re on a mission to move customers from reactively using data to becoming data profitable. Finding and identifying insights is typically a laborious process, which is why the vast majority of an enterprise’s data never gets analyzed. Having gone through a series of ‘black swan’ events recently, organizations realize the need to uncover and act on insights faster. Unsupervised is providing customers with a new way to turn data into actual money."

Denis Barrier, Co-founder & CEO at Cathay Innovation, said, "Unsupervised is pioneering AI augmented analytics and disrupting the way companies harness the power of Big Data with a new approach that is holistic and efficient with real, trackable value. We work closely with many of the world’s largest corporations and believe that Unsupervised’s game-changing tool addresses critical pain points for data and business teams that are understaffed and overwhelmed by today’s massive data growing pains. We’re honoured to join their journey as they look to scale further and transform decision-making in the enterprise."

For Unsupervised, Cathay Innovation and SignalFire led the funding round. Other participating investors include Coatue, NextGen Venture Partners, Eniac Ventures, and Elad Gil.

The company, as of now, has plans to use the new funds to accelerate both market growth and product roadmap to enhance product offerings. Unsupervised also intends to deliver innovation of the Unsupervised platform to drive AI sophistication and data exploration. 

Unsupervised also plans to scale up the unsupervised team in engineering, product development, sales, marketing, people operations, and customer success manager, notes the announcement.