NEWS23 March 2023

$12.8m investment for data quality business Sifflet

Data analytics Europe News

FRANCE – Paris-based Sifflet, a company that offers automated data quality monitoring, has raised $12.8m in Series A financing led by EQT Ventures.

Sifflet co-founders: Wissem Fathallah, Salma Bakouk and Wajdi Fathallah

Founded in 2021, Sifflet’s ‘data observability platform’ is used by businesses to oversee their data assets and monitor data quality.

Sifflet collects information across different parts of the data stack, from ingestion to application, and its software uses automated monitoring of data, metadata, and pipelines, alerting businesses to any data anomalies.

Data engineers and other users of the platform can then use Sifflet’s field-level data lineage to conduct root cause analysis.

Salma Bakouk, chief executive and co-founder, Sifflet, said: “For companies to actually perceive an ROI on their data initiatives, data reliability is essential. This is where data observability comes into the picture, by allowing companies to achieve full visibility over the health status of their data assets and data pipelines.” 

The company will use the funding to continue investment in its “full data stack approach, quality monitoring, and troubleshooting capabilities”, according to Wissem Fatallah, chief product officer and co-founder.

Sifflet also plans to expand its products to include additional technologies and use cases, with the aim of offering “data reliability to all data stakeholders”, Fatallah said.

Carl Svantesson, partner at EQT Ventures, said: “As a data-driven investor, we are fully aligned that businesses will continue to invest in data solutions to drive performance, but without being able to trust and rely on the inputs, the outputs are pointless. Sifflet will allow companies to trust their full data stack once again.”

Pictured: Sifflet co-founders Wissem Fathallah, Salma Bakouk and Wajdi Fathallah