A platform dedicated to accelerating data processes for AI and analytics
A company featured in the Vintage Altaroc Odyssey 2021, Prophecy helps customers improve their data management processes. The California-based company facilitates the migration of complex data systems, enabling companies to manage large quantities of information for artificial intelligence (AI) and analytics projects.
The company has just raised a further $47 million to expand its operations and strengthen its presence in the data management technology market.
In 2024, Prophecy increased its revenues by more than 3.5 times, with a net revenue retention rate of 160% among its existing customer base.
The company has raised a total of $114 million through 6 rounds of financing. Its first funding round took place on July 27, 2018.
Fundraising to support growth
The fundraising was led by Smith Point Capital, with HSBC as a new investor, as well as existing investors Berkeley SkyDeck, DallasVC, Insight Partners, JPMorgan Chase and SignalFire.