HomeFundingZurich-based Squirro secures $10 million to help more companies across the globe...

Zurich-based Squirro secures $10 million to help more companies across the globe to turn meaningless data into actionable insights

Squirro, the advanced context intelligence & insights solution provider, has completed a $10 million Series B funding round led by new investor, Orange Growth Capital and joined by Salesforce Ventures and other existing investors. The young company will use the new funding to accelerate growth in emerging markets, further strengthen the company’s presence in North America and Europe, and reinforce the R&D team based in Zurich.

Squirro is a cognitive insights company, with an advanced context intelligence & insights solution. Powered by proprietary Artificial Intelligence techniques built around the company’s core USPs of Concept Detection, Auto-Discovery, and Anomaly & Trend Detection, Squirro’s cognitive insights engine turns meaningless data into meaningful actionable insights. Squirro works with global data-driven organizations in financial services, insurances, telecoms, and manufacturing industries. Founded in 2012, Squirro currently has offices in Zurich, Munich, Barcelona, London, and New York.

Dr. Dorian Selz, CEO and co-founder of Squirro stated: “The new funding round by prominent investors allows us to increase speed. It represents another important step forward in reaching our goal to build Squirro into the market leading enterprise in this space. With these additional resources, we will continue to innovate, grow our geographic footprint and expand our partner ecosystem.”

Squirro is at the epicenter of innovation in terms of the data management. With a focus of applying its artificial intelligence technologies, the Swiss company was able to attract high quality customers globally. It will be interesting to see how far Squirro can take it with the help of this huge injection of growth capitl.

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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