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- Unravel Data
Unravel Data Funding, Investors & Competitors
Unravel Data has raised $107M across 5 funding rounds, most recently a $50M Series D in September 2022.
Last Unravel Data funding round
$50M
Series D · Sep 2022
Cumulative funding Unravel Data raised
$107M
across 5 funding rounds
Key investors in Unravel Data
Menlo Ventures
Notable Capital
M12
Point72 Ventures
Harmony Partners
Third Point Ventures
Bridge Bank
Data Elite
About Unravel Data
Unravel Data is a data observability platform tailored for modern data stacks in enterprises. Palo Alto-headquartered since its 2017 founding, it supports Apache Spark, Hadoop, Snowflake, and Databricks environments by automating cost optimization and pipeline troubleshooting. Clients such as Comcast and Salesforce rely on its AI-driven insights to manage petabyte-scale data operations. Acquired by IBM in 2024, Unravel Data now integrates with Watsonx for enhanced governance across cloud providers like AWS and Azure.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Unravel Data Funding History
Unravel Data has raised a total of $107M across 5 funding rounds.
Unravel Data's first fundraising round was a $200K seed round in March 2014. The most recent completed round was a $50M Series D in September 2022.
Unravel Data funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2022 | Series D | Third Point Ventures (lead); Point72 Ventures; Menlo Ventures; Bridge Bank; Harmony Partners; Notable Capital | $50M | Unravel Data, a Palo Alto-based DataOps observability platform founded by Kunal Agarwal and Dr. Shivnath Babu, provides AI-powered visibility, troubleshooting, optimization, and cost governance for modern data stacks including Databricks, Snowflake, Amazon EMR, BigQuery, and Dataproc. The platform helps data teams manage complex data pipelines, reduce debugging time, and deliver real-time analytics for enterprises. On September 27, 2022, Unravel Data closed a $50 million Series D funding round led by Third Point Ventures, with participation from Bridge Bank and existing investors Menlo Ventures, Point72 Ventures, GGV Capital, and Harmony Capital, bringing total funding to $107 million. Curtis McKee from Third Point Ventures joined the board. The investors cited the exploding DataOps observability market driven by enterprises building data products for revenue growth and efficiencies. Proceeds will accelerate platform expansion to connect systems across data ecosystems, scale operations, build APIs for more app integrations, and double the engineering team. Unravel serves Fortune 100 clients like Adobe, Deutsche Bank, top pharmaceutical and financial firms, and recently opened a Hyderabad office to triple workforce in AI, big data, and cloud DevOps. The company positions itself amid rising demand for data observability, competing with players like Cribl, Monte Carlo, Observe, and Grafana Labs, as data stacks grow complex in cloud environments. |
| May 2019 | Series C | Point72 Ventures (lead); Menlo Ventures; M12; Harmony Partners; Notable Capital | $35M | Unravel Data, a Palo Alto-based data operations platform, provides full-stack visibility and AI-powered recommendations to optimize performance in modern data applications, addressing challenges in big data environments like Spark, Kafka, and NoSQL across on-premises and cloud systems. The company supports customers including Kaiser Permanente, Adobe, Deutsche Bank, Wayfair, and Neustar, partnering with data ecosystems such as Cloudera, Hortonworks, MapR, Microsoft Azure, and AWS. On May 14, 2019, Unravel announced an oversubscribed $35 million Series C funding round led by Point72 Ventures, with participation from Harmony Partners and existing investors Menlo Ventures, GGV Capital, and M12 (Microsoft Ventures), bringing total funding at that time to approximately $57 million after doubling the prior Series B amount from January 2018. The funding aims to tackle performance and complexity issues in data-driven applications and cloud migrations, positioning Unravel to capture the emerging big-data application performance management (APM) market, where traditional tools from AppDynamics, New Relic, and Splunk fall short. Investors highlighted Unravel's machine learning-driven approach to operationalizing data systems at scale. The round coincided with strong momentum, including 500% year-over-year revenue growth in 2018 and expansion into Azure and AWS cloud partner ecosystems, as well as Gartner recognition as a Cool Vendor in performance analysis in 2018. Point72 Ventures' involvement stems from internal needs and client feedback on big data monitoring gaps, with executives noting Unravel's fit for new architectures. Harmony Partners emphasized demand for data infrastructure optimization. Subsequent developments include a $50 million Series D in September 2022 led by Third Point Ventures, involving some overlapping investors like Menlo Ventures, Point72 Ventures, GGV Capital, and Harmony Partners (as Harmony Capital), raising total funding to $107 million to extend the platform across Databricks, Snowflake, Amazon EMR, BigQuery, and Dataproc for DataOps observability. |
| Jan 2018 | Series B | Notable Capital (lead); Menlo Ventures; M12 | $15M | Unravel Data announced a $15 million Series B funding round on January 23, 2018, led by GGV Capital with participation from Menlo Ventures and Microsoft Ventures. The company had achieved product-market fit in 2017 and was entering what CEO Kunal Agarwal described as a "breakout year" focused on sales and marketing expansion. Unravel Data, founded in 2013 by Kunal Agarwal (CEO) and Dr. Shivnath Babu (CTO), provides a data operations platform offering visibility and performance optimization for big data applications. At the time of the Series B, the company counted prestigious customers including Kaiser Permanente, Autodesk, and YP.com. The round brought total funding to $23 million, with proceeds allocated toward expanding sales and marketing teams, continued product development, and opening a London office to serve financial services customers. |
| Sep 2016 | Series A | Menlo Ventures (lead); Data Elite | $7M | Unravel Data raised $7 million in a Series A funding round on September 12, 2016, led by Menlo Ventures with participation from Data Elite. The company develops an enterprise-grade operation and performance management platform that enables users to analyze and optimize big data applications and clusters. Unravel Data emerged from stealth with this funding to support its big data optimization efforts. Founded in 2013 by big data pioneers Kunal Agarwal and Dr. Shivnath Babu, Unravel Data addresses challenges in managing and optimizing data pipelines for real-time analytics in data-driven enterprises. The platform serves customers worldwide, including later notable clients like Kaiser Permanente, Autodesk, and financial institutions. This Series A brought total funding to over $7 million at the time. Subsequent rounds included a $15 million Series B in 2018 led by GGV Capital with Menlo Ventures and M12 participation, a $35 million Series C in 2019 led by Point72 Ventures, and a $50 million Series D in 2022 led by Third Point Ventures, bringing total funding to $107 million. |
| Mar 2014 | Seed | - | $200K | - |
Who has invested in Unravel Data?
8 investors have backed Unravel Data across its funding rounds, including Menlo Ventures, Notable Capital, M12, Point72 Ventures, Harmony Partners and Third Point Ventures.
Lead investors include Third Point Ventures, Point72 Ventures, Notable Capital and Menlo Ventures.
Unravel Data Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Sep 2016 | ||
| 3 | Lead | Jan 2018 | ||
| 2 | Lead | May 2019 | ||
| 2 | Participant | Jan 2018 | ||
| 2 | Participant | May 2019 | ||
| 1 | Participant | Sep 2022 | ||
This data is available for Pro users. Sign up to see all 8 Unravel Data investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialUnravel Data Competitors
Unravel Data competitors include listed companies like Datadog and Dynatrace, and private ones like ClickHouse, Dataiku, Starburst and PingCAP.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.4B | ($588K) | $85B | 19.4x | ||
| Publicly listed | $2B | $276M | $16B | 7.0x | ||
| Private | $160M | - | $15B | 93.8x | ||
| Private | $150M | - | $3.7B | 24.7x | ||
| Private | $100M | - | $3.4B | - | ||
| Private | - | - | $3B | - |
Unravel Data Public Comps
Unravel Data is still privately-owned, but its public comps include Oracle, Palantir, ServiceNow, Snowflake, Datadog, RELX, Strategy, MongoDB, Verisk Analytics and Fair Isaac.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $2.5B | ($104M) | 11.9x | 10.4x | (282.5x) | 49.6x | |||
This data is available for Pro users. Sign up to see all Unravel Data competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Unravel Data
| When was Unravel Data founded? | Unravel Data was founded in 2013. |
| Where is Unravel Data headquartered? | Unravel Data is headquartered in San Francisco, CA, United States. |
| Is Unravel Data publicly listed? | No, Unravel Data is a private, VC-backed company. |
| How much funding has Unravel Data raised? | Unravel Data has raised $107M across 5 funding rounds. |
| What was Unravel Data's last funding round? | Unravel Data's last funding round was a $50M Series D in September 2022, led by Third Point Ventures. |
| Who are Unravel Data's investors? | Unravel Data's investors include Menlo Ventures, Notable Capital, Point72 Ventures, M12, Harmony Partners, Bridge Bank, Data Elite and Third Point Ventures. |
| Which companies are comparable to Unravel Data? | Companies comparable to Unravel Data include Datadog, Dynatrace, ClickHouse, Dataiku, Starburst and PingCAP. |
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