Flatfile Gains $50M for AI Tech That Helps Import Customer Data

Companies can spend countless hours transferring customer data from one source to another, causing a drain on resources. Flatfile has developed AI technology that automatically learns how imported data should be structured and cleaned, allowing companies to import customer data quickly and securely.

On Tuesday, the Denver startup announced that it raised $50 million, which it will use to grow its engineering team and support global enterprise companies, its fastest-growing customer segment.

“In any market, this is a feat of growth,” Flatfile CEO David Boskovic wrote in a blog post. “In this new economic environment, where the bar has heightened significantly for access to capital, I am filled with a truly humbling sense of gratefulness.”

Flatfile is used by 500 software companies, such as OpenGov. 

“With Flatfile, we’ve been able to shorten development cycles and increase [the] usability of our data upload functionality to the delight of our customers,” OpenGov CTO Ammiel Kamon said in a statement.

The Series B financing brings Flatfile’s total funding to date to nearly $100 million. The round was led by Tiger Global and included participation from Gradient Ventures, Scale Ventures, Workday Ventures, Afore Capital and Two Sigma Ventures.