Boston-based Bedrock Data has announced the launch of its data integration platform for businesses, along with a $3.11 million in series A funding led by .406 Ventures. Boston Syndicates and Maiden Lane also participated in company’s series A round. The funding will be used for continued product development and employee team expansion.
Bedrock data allows companies to synchronize their cloud-based data without any coding with plans starting at $149 per month. With in a year of commercializing the company’s product, it gathered 250 businesses as customers and aims to grow it between 500 and 600. The company is on track to generate $1 million in revenue this year. The firm consists of 15 members in its team and plans to grow up to 30 by the end of this year. Its customers include HubSpot, Marketo, Eventbrite, Bigcommerce and Contactually.
Bedrock Data’s iPaaS, or Integration Platform as a Service, automatically reviews, updates and syncs information assets previously stuck in marketing automation, email, ticketing, CRM, and other system silos, providing the timely and accurate information necessary to make smart business decisions. Its founders are John Marcus, Ben Smith and Adrian Mott were formerly at HubSpot and the fourth founder, Taylor Barstow, was formerly with Workflow by Design.
Bedrock is competing with Informatica, Boomi which owned by Dell and Cast iron Systems owned by IBM.