Podium Data Inc., a Lowell-based software company that manages raw data for companies, scored $9.5 million in a Series A financing this week from a syndicate of investors led by Malibu Ventures.
Podium said in a statement they would be using the round of funding to scale sales, marketing, and business development while also expanding product development.
Founded in 2014 by IT industry veterans with decades of expertise in delivering enterprise-scale IT products, Podium makes a software platform that helps businesses to rapidly consolidate all their data, including legacy files and huge amounts of digital data.
Additionally, Steve Fink, CEO of Malibu Ventures, was named to the board of directors for Podium.
In addition to Malibu Ventures, investors who participated in the round included Loews Corp.'s Andrew and Alex Tisch, Carbon Black's Eric Schurr and PTC board chair Bob Schechter.
Some of the startup’s customers include Cigna, TD Bank, Sun Life Financial, Astellas Pharmaceutical and Citizens Bank.
Photo via social media
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