Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud.
Datical Secures $10 Million in Series C Funding
March 07, 2019
Datical announced $10 million in Series C funding led by new investor River Cities Capital Funds, with participation from existing investors S3 Ventures and Mercury Fund.
Additionally, Adam Midkiff, VP at River Cities, has joined Datical’s board of directors.
The company will use the funds to sustain its tremendous growth by expanding its research and development, customer success capabilities, and sales and marketing functions. This latest round brings the total investment in the company to $27 million to date.
“This funding provides fuel for further innovation and expansion as Datical’s remarkable momentum has proven that modernizing the database release process is a necessary step in any digital transformation journey,” said Derek Hutson, CEO of Datical. “We’re honored to have River Cities on board as we enter this next phase of growth and begin an exciting new chapter of transforming software development.”
“Datical is solving a critical, yet often overlooked problem facing development teams today,” said Adam Midkiff, VP of River Cities. “The company is uniquely positioned to change the way that organizations improve the customer experience through software, and we’re excited to work with such an innovative team on achieving this mission.”
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