Mode provides a collaborative data science platform that enables data teams and domain experts to work together to find answers, solve problems and make better decisions. The product emphasizes collaboration and improving discoverability of important insights across large deployments. The company intends to use the new funding to hire across multiple teams, including in New York, and to invest in features for managing large deployments and improving discoverability of key answers. Mode has over 600 customers and more than 70 employees in San Francisco. The Series C brings Mode’s total funding to $50m. Founded in 2013 by Derek Steer, Benn Stancil and Josh Ferguson, the company continues to expand its team and product capabilities. Mode provides a collaborative analytics platform that lets SQL- and Python-powered analysts work alongside users who prefer drag-and-drop data exploration. The platform connects to data sources including Amazon Redshift, BigQuery, Hive/Impala, MySQL, Postgres and Presto. Led by CEO and co-founder Derek Steer, Mode supports the analytics community with free learning resources, open-source SQL queries and free tools for anyone analyzing public data. The company has more than 500 customers, including Lyft, Shopify, Thumbtack, Time, Twitch and Zillow. Mode is based in San Francisco, CA. It plans to use the new funding to expand further outside Silicon Valley. Mode provides a cloud service that lets data analysts query, run reports on data, and collaborate. The company offers a SQL-based platform for analysts and data scientists and is led by CEO Derek Steer. Mode recently released database connectors for Windows, added support for Presto and Snowflake, and achieved HIPAA compliance. In the coming weeks it plans to add features that let analysts tell data stories requiring multiple charts and multiple queries. The company raised $7.5M in a Series A round to continue adding features to its platform and to expand operations. Mode is based in San Francisco, California. Mode positions itself as a “GitHub for Data Analysis,” providing an online repository where data scientists can store work publicly and avoid reinventing the wheel. The product supports public storage for free while charging users who want to keep their work private. Mode aims to host models and other analysis artifacts that others can apply to their own datasets, reducing duplicated effort across the field. The company sees competitors and peers such as Kaggle and is betting on continued growth in data science driven by cheaper storage and more compute. Mode must build a critical mass of uploaded work to become broadly useful, since data models can be highly targeted and may require a large upload base. The team plans future integrations, including with AWS, which Mode itself uses. CEO Derek Steer previously worked at Yammer (including after its acquisition by Microsoft).

Total raised

$44M

Funding rounds

4

Latest round

Series C

Latest activity

Feb 2019