Advertisement

Import.io Raises $15.5 Million To Expand Data Analytics Offerings

Import.io, a web data integration solution provider, has closed a $15.5 million Series B funding round. The money will help Import.io accelerate global growth and expand its product offerings, which can help retailers derive insights from the data they have collected.

Data professionals spend about 75% of their time gathering and cleaning data, with only about 25% finding insights from the data, according to the 2018 IDC Business Analytic Solutions survey. Meanwhile, 90% of the world’s data was created in the last two years, and demand for data-driven insights is escalating, with the total spend on web data expected to hit $5 billion in 2019, according to Opimas Research.

Advertisement

“Businesses around the world are losing trillions of dollars due to lack of timely access to high-quality data,” said Gary Read, CEO of Import.io in a statement. “In fact, IBM estimates that poor-quality data costs businesses in the U.S. more than $3 trillion annually.”

Data analysis is particularly important for retailers: 56% of “growth CMOs” prioritize data and intelligence analysis as the top skill to help them evolve their growth agenda, according to a survey by CMO Council and Deloitte. Growth-oriented CMOs recognize the importance of properly analyzing and categorizing data to uncover what it means for their companies.

The round was led by Talis Capital, with participation from existing investors IP Group, OpenOcean, Oxford Capital and Wellington Partners.

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

March 17-19, 2025  |  Free On-Demand Digital Event

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. Join Retail TouchPoints’ Retail Trendcaster webinar series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Register Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: