Seed round for real-time data platform Sumatra

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Seed round for real-time data platform Sumatra

July 14, 2022

Austin, Texas-based data platform Sumatra has raised $1.5 million in a seed funding round that it will use to expand its operations and business reach.

Sumatra’s self-service tools allow data scientists to create their own pipelines from event-based data, eliminating the data engineering dependencies that delay or stall most machine learning and analytics deployments. Founded by Greg Kuhlmann and Lucas McGrew (pictured) in 2020, the company enables users to take automated actions that drive the customer journey in real-time and deploy machine learning models “in milliseconds” to intervene at the moment the customer are engaged. This includes identifying the moments when customers are at risk of cart abandonment and segmenting them based on clickstream behavior to suggest relevant products and offers.

The new funding was led by S3 Ventures with participation from Sentiero Ventures, Data Power Ventures and AI Sprouts. Eric Engineer, Partner at S3 Ventures, who led the investment and will join Sumatra’s Board of Directors, comments, “Sumatra is democratizing real-time machine learning. Once data scientists of all stripes are able to implement on their own—without having to rely on a costly, overburdened data engineer—we’ll see a flood of new use cases across organizations of all shapes and sizes.

Website: www.sumatra.ai.

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