Tech firm raises $3.5m to boost flagship Switchboard product
Manchester tech firm, Versori, has raised $3.5m in a funding round led by Stage 2 Capital, with participation from notable angel investors including Cindy Bi of Capital X and Jamie Su, among others.
With this latest investment, the provider of data infrastructure solutions aims to propel its flagship product, Switchboard, an innovative any-to-any system integration and workflow automation platform, to new heights.
In October last year, Versori secured $500,000 funding from Y-Combinator, the global accelerator known for early stage investments into well known tech brands including AirBnB, Stripe, Reddit and Coinbase.
Switchboard, powered by cutting-edge AI tools for schema building, data transformations, and data mappings, has already garnered attention as the backbone behind integrations for companies such as Sephora, Frasers Group, and ASOS.
The investment from Stage 2 Capital, along with angel investments from industry experts, will primarily be used to bolster product development efforts for integration and visualisation tooling within Versori’s data infrastructure platform.
The company plans to expand its go-to-market team through strategic hiring initiatives, enabling Versori to deliver comprehensive solutions to an even wider range of customers.
Sean Bown, founder and CEO, said: “We are thrilled to secure this significant investment, which underscores the immense potential of Versori’s data infrastructure platform.
“The funds will be instrumental in further enhancing our integration and data visualisation capabilities, allowing us to meet the complex data integration needs of modern enterprises across various industries.”
Versori Inc will initially focus on catering to system-led integration requirements, including ERP systems, e-commerce platforms, CRMs, and other critical systems.
Jay Po, co-founder and managing partner at Stage 2, said: “More than $350bn is spent on complex data integration problems currently solved by consultancies and service providers. Versori’s Switchboard solution is making any-to-any system integrations possible with incredibly fast time-to-value that the market needs.
“We’re so excited to back the Versori team to help customers solve the most complex of data integration challenges.”
