Promethium offers a collaborative analytics platform that enables enterprises and data teams to make real-time, data-driven decisions via natural language search. The product removes typical data-management complexity by not requiring centralized ETL, pre-built models, or report creation. Led by founder and CEO Kaycee Lai, Promethium targets business users who need self-service analytics alongside data teams. The company plans to use new funding to scale customer growth by expanding sales and marketing and to continue product innovation. As of the round, Promethium has raised $34.5M in total since its 2018 inception. The platform is positioned to let every employee access insights without heavy engineering overhead. Promethium’s core product is the Data Navigation System™ (DNS), an AI-powered platform that translates plain-language questions into data management functions. DNS combines natural language processing with self-service analytics to locate data, demonstrate how it should be assembled, automatically generate SQL, and execute queries for analysts. The platform is offered as a SaaS solution in the public cloud, in the customer’s virtual private cloud (VPC), or as an on-premises deployment. Founded in 2018 by CEO Kaycee Lai and based in Menlo Park, Calif., Promethium recently raised $6M in funding. The company intends to use the funds to accelerate its go-to-market strategies and continue innovation of DNS. Graham Brooks of .406 Ventures joined Promethium’s board as part of the financing. Promethium offers a context automation platform that non-intrusively connects to a wide variety of data sources to provide users with the context of that data for governance and analytics. Its core product is engineered to reduce the time and labor required for analytics and to automate data governance to comply with GDPR and other evolving regulatory frameworks. The company positions the platform to give enterprises instant visibility across heterogeneous, siloed data environments so governance and analytics can operate together. Promethium plans to use recent seed funding to commercialize the platform and accelerate customer adoption. The article cites a survey noting that 90 percent of total cost of ownership for BI solutions is spent on labor, underscoring Promethium's value proposition. The company is based in Menlo Park, Calif.

Total raised

$35M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2022