The providers and creators of Great Expectations, the data quality technology SUPERCONDUCTIVE have secured $40 million in a series B round of funding. This brings the total raised amount of the company to $64.5 million. The net valuation was not disclosed by the company.
The main lead of the series B round was Tiger Global along with the participation of CRV, Index, and Root Ventures.
Superconductive and its Great Expectation Service
The Great Expectation provider, Superconductive was created in 2017, as a side project by 2 longtime buddies, James Campbell, who is the CTO of the company, and Abe Gong, who is the CEO. The headquarters of Superconductive is in the West Coast’s San Francisco Bay Area, Silicon Valley.
After struggling with data quality’s similar pain points, Abe Gong, who was working in a healthcare data consultancy and James, working as a researcher at an Analytical Science laboratory, both arrived at the same conclusion that for testing and documenting the data, data practitioners need a better way, and decided to establish superconductive.
Superconductive is a tools manufacturing startup that makes measuring easier and also ensures that the quality of the data, that was used by people, is the best.
The Great Expectation is an open standard for data quality and it assists the data teams to eliminate the debt of pipelines and progress with the help of data testing, profiling, and documentation.
It has a vibrant community where both, the core contributors and the members of the community provide support to each other and offer paid consulting services to the organizations that will be able to benefit from closer collaboration with the core engineering team of great expectations.
Objective Behind the Fundraising
With this fresh capital, Superconductive aims to continue the development of its open-source product and community. They also decided to commence its first commercial product which will be a more accessible and less technical version of Great Expectations, which can be used by everyone, not just engineers and data scientists.
To date, an enterprise version of Great Expectation has not been offered yet but it is expected to get launched by the end of this year with the use of series B round’s capital.
The name of that commercial release was disclosed by the company as Great Expectation Cloud.
Mike Leone, The Enterprise Strategy Group Analyst said, this year is the year of data quality. In fact, the research done by us shows that data quality will be receiving the most remarkable investment among all the technology areas that are supporting data-driven initiatives.
This shows that the need for data quality is spreading and in 2022, it is becoming a big theme for many enterprises.
The expansion of Data Quality and Superconductive applications of Advancing It
The current downloads on a monthly basis have crossed 2.5 million tags. It has crossed 6 thousand members of its community that was maintained on Slack.
The companies that are adopting it are Vimeo, Cam and Komodo Health, and Heineken. The ecosystem partners like Astronomer, Databricks, Perfect, and more have also turned their way to Superconductive’s great expectations.
For the organizations, at the most basic level, the data quality means being able to use the data effectively, said CEO and Co-founder of Superconductive, Abe Gong.
“And our technology is making sure that the data is not missing out and that you don’t have large outliers and lastly the category of data that stream through the system is correct,” he added.
Conclusion
Superconductive, a provider of data quality solutions for testing, documenting, and profiling by its best discovery, Great Expectations has raised $40M in a series B round of funding and aims to deploy the fresh capital in further growth of their organization and also for the commercial release of Great Expectation Cloud, which is expected to launch by the end of this year. This round was led by Tiger Global along with the participation of CRV, Index, and Root Ventures.
FAQ’s about Superconductive
Ans. Abe Gong.
Ans. In 2017.
Ans. The Lead investor is Tige Global along with CRV, Index, and Root Ventures.
Ans. San Francisco.
Ans. $40M.
