# Rhapsody

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

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.petabyte.technology
- Total disclosed funding: $23M
- Latest round: Series B (Jul 12, 2021)
- Investors on record: 9

## About

Rhapsody is a technology company that specializes in providing advanced data management and analytics solutions for enterprises in sectors like finance, healthcare, and retail. Their innovative platform enhances operational efficiency through real-time data insights.Founded in 2019 and headquartered in Bellevue, US, Rhapsody focuses on offering comprehensive data integration solutions. The company has executed 2 deals, with its most recent funding round being a Series B that raised USD 15.000 mn on July 12, 2021. Key investors in this round included Halle Capital Management, National Veterinary Associates, Inc., Norwest Venture Partners, Relevance Ventures, and UNAVETS. The CEO of Rhapsody is Andy Berg.Petabyte Technology specializes in providing advanced data management and analytics solutions tailored for businesses across various industries. Their core product offerings include a comprehensive data integration platform that allows organizations to seamlessly consolidate and analyze data from disparate sources. This platform is designed to enhance decision-making capabilities by enabling real-time data access and insights, thereby addressing challenges related to data silos and inefficient data processing. Petabyte Technology primarily serves enterprise clients in sectors such as finance, healthcare, and retail, with solutions that optimize operational efficiency and data-driven strategies. The company's products are marketed in North America and Europe, where they have established a growing client base interested in leveraging data analytics for competitive advantage.Petabyte Technology generates revenue through a subscription-based model for its data management platform, which allows clients to access premium features and support on a recurring basis. The company also engages in strategic partnerships with other tech firms, enhancing its service offerings and expanding its market reach. Transactions typically involve annual or monthly subscription fees based on the level of service, with potential additional charges for premium features or customization. Examples of flagship products include their proprietary data visualization tools and machine learning modules, which are critical for businesses looking to harness advanced analytics. These structured transactions ensure a steady revenue stream, aligning closely with the needs of their enterprise clientele.Rhapsody plans to utilize its recent Series B funding of USD 15.000 mn to enhance Petabyte’s growth and foster industry partnerships aimed at modernizing the veterinary sector through advanced software solutions. The company is also focused on expanding its product offerings, although specific new products and their release dates have not been disclosed. Additionally, Rhapsody is targeting new market regions for expansion, which will be further defined as the company progresses.

## Funding rounds

- Series B, Jul 12, 2021, $15M — Norwest Venture Partners, National Veterinary Associates, Inc., Relevance Ventures, Halle Capital Management, UNAVETS
- Series A, Dec 10, 2019, $8M — Greycroft, Ridge Ventures, Correlation Ventures, Acrew Capital

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series A
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B
- National Veterinary Associates, Inc. — Series B
- Relevance Ventures (https://capitalatlas.ai/funds/relevance-ventures) — Series B
- Halle Capital Management (https://capitalatlas.ai/funds/halle-capital-management) — Series B
- UNAVETS — Series B