To reinvent data transformation on the Snowflake Data Cloud, Coalesce secures a $26 million Series A funding round.

Coalesce.io, a data transformation company, announced it has raised $26 million in Series A financing led by Emergence Capital, with the participation of initial investors 11.2 Capital, GreatPoint Ventures and Industry Ventures.

This round follows an important year for Coalesce when the company came out of the loop and raised $5.92 million in initial funding in January. This funding round builds on this momentum, with Coalesce continuing to invest in the product and ecosystem.

“Data experts and data are the cornerstones of any intuition. For data to be valuable, it must be transformed appropriately and adapt to change over time,” said Armon Petrossian, CEO, and co-founder of Coalesce Scale.

During this journey, it was a priority for us to keep finding the right investment partners who understand our vision. We are excited to partner with Emergence Capital, which immediately saw the value of our transformation platform. Data in the Cloud and how it will revolutionize this industry.”

The biggest bottleneck in the analytics supply chain is transformation. Coalesce was launched in January 2022 to solve this problem by creating an enterprise-ready platform that makes it easy to perform and scale data transformations for the world’s largest data warehouse deployments with Snowflake Data Cloud.

Coalesce is the only solution that combines the speed of an intuitive graphical user interface (GUI), the flexibility of code, and the efficiency of data transformation automation, improving data team productivity, data quality, and time to get detailed information. is significantly increased information.

“The value of data has been discussed for decades, but no one has developed a way to make data usable that is easy and scalable,” said Joe Floyd, general partner of Emergence Capital, Zoom’s principal institutional investor; as well as early investors in Salesforce, Bill.com, Gusto, Veeva, and others.

“When Armon and his team explained the product and the vision to us, I knew this team was creating something unique. Early customers see the value of their technology and we are excited to partner with Coalesce.”

Coalesce made significant progress in 2022 with team expansion in EMEA, the announcement of strategic partners including Snowflake and Fivetran, and SOC 2 compliance.