Cube Closes $25M Funding Round

Cube, a San Francisco, CA-based provider of universal semantic layer for every data app, raised $25M in funding.

The round was led by Databricks Ventures which joined previous investors including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. In addition, 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube’s Board of Directors.

Including all rounds, the company has raised $48M.

Led by Artyom Keydunov, CEO, Cube provides a universal semantic layer, Cube Cloud, that helps companies manage and optimize their analytics workflow. The layer unifies business logic, centralizes governance and security, optimizes query performance, and integrates with any data endpoint. Any data source can be optimized for performance, accuracy, and consistency before being fed into any data application: internal, external, human, or bot-facing. Cube Cloud is installed on 90,000 servers and used by 4.9 million users. Customers include 203 companies in the Fortune 1000.

The company will use the funding to strengthen go-to-market activities and advance Cube Cloud’s capabilities, including a roadmap full of new AI functionality.