• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Promethium Announces $2.5 Million in Seed Capital for its Context Automation Software and Solutions

October 24, 2018 By admin Leave a Comment

Promethium, a provider of self-service data governance and business intelligence (BI) analytics, today announced it has successfully closed a seed round of $2.5 million led by Zetta Venture Partners. The initial funding will be used for the commercialization of the company’s context automation platform built to reduce time and labor for analytics and to automate data governance to comply with the General Data Protection Regulation (GDPR) guidelines, as well as other regulatory frameworks evolving at a global scale.

“In the era of Big Data-driven BI and artificial intelligence (AI), data is one of the most valuable business resources, regardless of industry, with a potentially huge liability if data compliance and privacy standards aren’t met,” said Jocelyn Goldfein, General Partner, Zetta Venture Partners. “The largest enterprises possess sprawling data assets; they have much to gain and much to lose if they don’t understand the contents, context and relationships among those datasets. Promethium’s veteran founding team is poised to give enterprise data teams the insight to unlock the value of their data assets.”

As data volumes increase daily, the proliferation of data sources, applications, devices and users to manage that data has resulted in a complex, costly new norm for data analytics. In fact, one recent survey found that 90 percent of total cost of ownership (TCO) for BI solutions is spent on labor. The growing importance of data governance increases the urgent need for effective data analytics solutions as compliance requirements such as GDPR can penalize non-compliance as much as four percent of a company’s annual revenue.

“More than 300 vendors offer database or data warehousing solutions to manage the crushing growth in data demand, making it extremely difficult for enterprises to locate key data in this largely siloed data environment, and effectively impossible to apply traditional, manual methods for analytics and regulatory compliance,” said Kaycee Lai, CEO and Founder, Promethium. “With more data than ever to make sense of, and evolving, global regulatory requirements placing an extreme compliance burden on enterprises, Promethium is engineered from the ground up to provide instant visibility across the entire enterprise to allow governance and analytics go hand in hand.”

The team at Promethium understands that these unprecedented data volumes should not compromise a company’s ability to gain actionable insights, nor should silos created from heterogeneous data sources create an additional burden from a governance perspective. The Promethium team was founded to develop solutions to enable enterprises to finally realize the economic benefits of a single, fully automated BI and analytics solution without compromising on governance of that data.

To learn more about Promethium, visit www.pm61data.com; follow all the latest Promethium updates on LinkedIn and Twitter.

About Promethium:

Promethium is enabling enterprises to better control and leverage their data without compromising on variety, volume, or speed. Promethium connects to all types of data and sources to non-intrusively and automatically provide users with the context of the given data. That context can be leveraged for data governance reporting as well as streamlining accuracy and consistency in analytics/BI.

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Adobe Introduces LLM Optimizer to Help Brands Navigate the Generative AI Shift
  • Why Visa and Mastercard Stocks Slipped After the Stablecoin News
  • iOS 26: The Most Personal, Intelligent, and Private iPhone Experience Yet
  • Postman Unveils Agentic AI Tooling to Operationalize API-Driven Intelligence
  • AM Batteries Opens New Facility in Billerica to Advance U.S. Battery Supply Chain
  • Meibel Secures $7 Million to Revolutionize AI Runtime Management
  • Tailor Raises $14 Million to Redefine ERP for Modern Businesses with Composable Architecture
  • Intel Unveils New GPUs and AI Accelerators at Computex 2025
  • Unlocking Critical Minerals: USGS Invites States to Turn Mine Waste into Treasure
  • Blacksmith Reimagines Continuous Integration with AI-Optimized Infrastructure

Media Partners

  • Market Analysis
  • Cybersecurity Market
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
Global AI-Powered Accounting and Audit Services Market Analysis 2023-2030: Growth, Trends, and Forecast
The Re-Emergence of PHP
Passwork Achieves ISO/IEC 27001:2022 Certification, Reinforcing Commitment to Enterprise Security
Halo Security Honored with 2025 MSP Today Product of the Year Award
Cloudflare Log Explorer: A Unified Security and Performance Lens Within the Dashboard
The Rising Tide: AI and Cybersecurity Challenges Loom Large for CISOs
Arsen Launches AI-Powered Vishing Simulation to Help Organizations Combat Voice Phishing at Scale
Cyera Raises $540M to Cement Its Role as AI’s Data Security Backbone
ZeroRISC Secures $10M to Build Transparent, Secure Supply Chains
Cisco Fuses AI Security Into the Network Fabric: A Unified Vision for the Agentic Era
Guardz Raises $56M Series B to Scale AI-Native Cybersecurity Platform for MSPs and SMBs
Horizon3.ai’s $100M Bet on Autonomous Security

Media Partners

  • Market Research Media
  • Technology Conferences
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
The Transformation of Media: Navigating the Waning Allure of Social Platforms
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains