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Unstructured raises $40M in a Series B funding led by Menlo Ventures, Databricks Ventures, IBM Ventures, and NVIDIA to make enterprise data LLM-ready.

PRIVATEMar 14, 2024

Amount Raised

$40 Million

Round Type

Series B

LoomisInformation TechnologySoftware

Investors

Bain Capital VenturesMango CapitalMadronaN VenturesAllison Pickens Of The New Normal FundDatastax CEO Chet KapoorSacramento Kings Chairman Vivek RanadivéNvidiaIBM VenturesDatabricks VenturesMenlo Ventures

Description

Unstructured announced a $40 million Series B funding round led by Menlo Ventures, with participation from Databricks Ventures, IBM Ventures, Sacramento Kings Chairman Vivek Ranadivé, Datastax CEO Chet Kapoor, Allison Pickens of the New Normal Fund, and NVentures. This investment brings the company’s total capital raised to $65 million and will be used to grow its team and accelerate the development of data preprocessing tooling for large language models (LLMs).

Quick answer

Unstructured raised $40 Million in a Series B round, dated March 14, 2024. Investors: Bain Capital Ventures, Mango Capital, Madrona, N Ventures, Allison Pickens Of The New Normal Fund, Datastax CEO Chet Kapoor, Sacramento Kings Chairman Vivek Ranadivé and Nvidia. Unstructured is based in Loomis, California, United States.

How much did Unstructured raise?
Unstructured raised $40 Million in a Series B round on March 14, 2024.
Who invested in Unstructured?
Bain Capital Ventures, Mango Capital, Madrona, N Ventures, Allison Pickens Of The New Normal Fund, Datastax CEO Chet Kapoor, Sacramento Kings Chairman Vivek Ranadivé and Nvidia are named as investors in this round.
What does Unstructured do?
Unstructured is a leading provider of LLM data preprocessing solutions, empowering organizations to transform their internal unstructured data into formats compatible with large language models.
Where is Unstructured based and how big is it?
Unstructured is based in Loomis, California, United States.
Who are the decision-makers at Unstructured?
Fundz holds 1 contact at Unstructured. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Unstructured that raised within 45 days of this round, from Fundz verified event records.

  • OpenDelta raised $2.1M (Pre-Seed) on April 26, 2024.
  • NOQX raised $200K (Pre-Seed) on April 26, 2024.
  • Clueso raised $1.4M (Seed) on April 26, 2024.
  • Movement Labs raised $38M (Series A) on April 25, 2024.
  • Q4 raised an undisclosed amount (Debt Financing) on April 25, 2024.
  • Agilitas Energy raised $100M (Debt Financing) on April 25, 2024.

Who to call at Unstructured, and when

A new round usually means Unstructured is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Unstructured

Location

5406 CROSSINGS DR.

Loomis, California, United States

About

Unstructured is a leading provider of LLM data preprocessing solutions, empowering organizations to transform their internal unstructured data into formats compatible with large language models. By automating the extraction, cleaning, and staging of natural language data, Unstructured enables enterprises to leverage the full power of their data for increased productivity and innovation. With key partnerships and a growing customer base, Unstructured is driving the adoption of LLM-native data preprocessing worldwide.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Unstructured raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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