$35M for data transformation startup Prophecy

Prophecy just secured $35M in Series B funding. The backers? Insight Partners and SignalFire, accompanied by J.P. Morgan, Singtel Innov8, Databricks Ventures, and Dallas Venture Capital.

• Total Funding: The company's fund chest now displays $67M total. This new financing is poised to boost Prophecy's platform development and customer acquisition strategies.

• Leadership: Raj Bains, the co-founder and CEO, has steered Prophecy to double their revenue every two quarters, despite challenging pandemic conditions.

• Uniqueness: Prophecy's solution to the long-standing issue of data transformation melds visual development and code. The result? A user-friendly platform for building code-based data pipelines with reusable components. Their unique tool, Data Copilot, leverages natural language prompts for data transformations, thus removing the need for complex codes or intricate drag-and-drop editing.

• Additionally: Prophecy caters to non-coders as they offer the platform as a fully managed service, both in the cloud and on-premises.

• Numbers Game: Their booming success is evidenced by a 400% YoY revenue growth since their Series A in January, attracting thousands of users across Fortune 500 companies, including banks, healthcare providers, and tech vendors.

Additionally, former Hortonworks president Herb Cunitz will be serving on the Prophecy board, and J.P. Morgan's managing director Elena Zislin will be joining as a board observer.