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Anomalo Sees Explosive Growth with $33M Series B Investment

Anomalo, co-founded by former Instacart employees, is experiencing explosive growth in its machine learning approach to data quality, addressing issues with big datasets. The startup has raised a total of $72 million, with a $33 million Series B matching its 2021 Series A. CEO Elliot Shmukler emphasizes the need for high-quality data as businesses store increasing volumes in cloud storage and data warehouses like Databricks and Snowflake.

Anomalo has devised a method to restrict the data it monitors to specific datasets, reducing client bills and achieving 177% annual recurring revenue growth. In the quest for efficiency and growth, the company aims to double its 50-person team and prioritize diversity, with female representation in leadership and engineering roles.

Databricks Ventures is a strategic investor in Anomalo's Series B, led by SignalFire. The company's partnership with Databricks, valued at $43 billion, reflects its strong potential in the data analytics space.

Anomalo's high growth and efficiency mode are being closely monitored by investors, as the company navigates balancing expansion with responsible financial management amid the demand for scalable solutions in the data quality market.