# Databand.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/databand-ai

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.databand.ai
- Total disclosed funding: $15M
- Latest round: Series A (Dec 1, 2020)
- Investors on record: 7

## About

Databand.ai is a data observability platform that ensures data integrity and reliability across engineering processes, facilitating efficient management and monitoring for organizations in various industries.Databand.ai specializes in data observability, aiding organizations in maintaining the quality of their data pipelines. Founded in 2018, the company is headquartered in Tel Aviv-Yafo, Israel. The founders, Evgeny Shulman, Josh Benamram, and Victor Shafran, have collectively contributed to the company's direction, with Josh Benamram currently serving as CEO. Databand.ai received a total of USD 14.50 mn through its latest funding round, a Series A, led by Accel, which took place on June 27, 2022. This was the company's third deal, reflecting its growing investment interest.Databand offers a comprehensive data observability platform designed to ensure the integrity and reliability of data across various engineering processes. Its core functionalities include automated metadata collection, historical baselines for pipeline performance, and anomaly detection through alert mechanisms. The platform facilitates efficient communication among data teams for quick resolution of data quality issues. Databand serves a diverse clientele across industries such as finance, healthcare, and technology, with availability in North America, Europe, and Asia-Pacific.Databand operates on a subscription-based revenue model, providing clients access to its services through tailored pricing plans. The platform supports organizations in managing complex data pipelines, enhancing operational efficiency. While specific pricing details are proprietary, the revenue structure generally includes tiered subscription options that cater to various organizational needs, serving a broad spectrum of clients, including large enterprises reliant on data-driven insights.Following the acquisition of Databand.ai by IBM Corporation on June 27, 2022, the company aims to integrate its offerings within IBM's Data and AI division. This move is expected to enhance IBM's data and AI product range. The recent funding will facilitate this integration, aligning Databand's capabilities with IBM's strategy to improve data management solutions. As part of its growth strategy, Databand is likely to focus on expanding its product offerings and enhancing its platform's features to meet evolving market needs.

## Funding rounds

- Series A, Dec 1, 2020, $15M — Accel, Blumberg Capital, Bessemer Venture Partners, Lerer Hippeau Ventures, F2 Venture Capital, Ubiquity Ventures, Differential Ventures
- Seed, Mar 21, 2019 — Differential Ventures

## Investors

- Differential Ventures (https://capitalatlas.ai/funds/differential-ventures) — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Lerer Hippeau Ventures — Series A
- F2 Venture Capital (https://capitalatlas.ai/funds/f2-venture-capital) — Series A
- Ubiquity Ventures (https://capitalatlas.ai/funds/ubiquity-ventures) — Series A