Explorium

Company Overview

Snapshot

Founded in December 2017 by Maor Shlomo, Or Tamir, and Omer Har, Explorium operates with 51–200 employees. The company has raised over $125.1 million across 4 funding rounds from 9 investors. In May 2021, Explorium received a funding round with Insight Partners as a lead investor.

Business overview

Explorium provides an external data platform designed to enhance advanced analytics and machine learning capabilities. Its solution automates the discovery and utilization of thousands of relevant data signals, improving predictions and model performance. The platform enables data scientists and analysts to efficiently and cost-effectively acquire and integrate third-party data while ensuring regulatory compliance. Explorium serves various industries, including FinTech, insurance, consumer goods, retail, and eCommerce, helping organizations increase revenue, streamline operations, and reduce risk through faster and more insightful models.

Strategic signal

In June 2022, Explorium announced a workforce optimization, impacting approximately 10% of its employees. This strategic adjustment signals a focus on efficiency and resource allocation, potentially indicating a pivot in operational strategy or a response to market conditions, aiming to streamline the company's path forward.

Company Intelligence Q&A

What is Explorium's primary offering?

Explorium offers an automated external data platform for advanced analytics and machine learning, enabling organizations to discover and utilize relevant data signals to improve predictions and model performance.

When was Explorium founded and by whom?

Explorium was founded in December 2017 by Maor Shlomo, Or Tamir, and Omer Har.

What was a significant funding event for Explorium?

In May 2021, Explorium received a funding round led by Insight Partners, with participation from.

What was a notable operational development for Explorium in 2022?

In June 2022, Explorium implemented a workforce optimization, reducing its employee count by approximately 10%.

Which industries does Explorium primarily serve?

Explorium serves industries such as FinTech, insurance, consumer goods, retail, and eCommerce, helping them with data-driven insights.