Flatfile, a developer of a database software designed to import, map, and normalize customer data, announced that it has raised $7.6 million seed funding led by Two Sigma Ventures. Existing 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 participated in the funding round.
Founded in 2018 by David Boskovic and Eric Crane, 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.
David 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.”
“We’re already saving users more than 10,000 hours per month with AI-assisted, self-service data imports,” Eric Crane said. “We knew we could apply that learning to more complex data transactions, where a single data onboarding project today takes weeks or even months.”
“Simplifying data onboarding is just the tip of the iceberg,” adds Frances Schwiep from Two Sigma Ventures, who started her career as a data scientist. “There are an infinite number of ways humans can upload bad data, and it happens all the time. Data sharing and collaboration remains a massive headache and unsolved problem within the enterprise. Flatfile’s Concierge platform has the potential to be an industry-defining solution.”
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. The Flatfile team, led by co-founders David Boskovic and Eric Crane, has years of experience building and scaling SaaS applications for companies like Envoy, FullStory, and HubSpot.
