Document onboarding startup Flatfile nabs $50M from investors, including Workday

Document onboarding startup Flatfile nabs $50M from investors, including Workday

a year ago
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https://techcrunch.com/2022/09/27/document-onboarding-startup-flatfile-nabs-50m-from-investors-including-workday/

Data cleansing — prepping data for applications like predictive analytics — takes time. In fact, data scientists spend an estimated 60% of their time cleaning and organizing data, according to one recent survey. It’s not just time that’s lost. According to Experian, “dirty data” costs the average business 15% to 25% of their revenue and the U.S. economy $3 trillion annually.

On a mission to change things, Eric Crane and David Boskovic started Flatfile, a platform that automatically learns how imported data should be structured and cleaned. With customers like ClickUp, Square, AstraZeneca and Spotify, the startup is gearing up for its next growth phase, closing a $50 million Series B round that brings Flatfile’s total to $94.7 million.