SAN FRANCISCO, April 04, 2024 (GLOBE NEWSWIRE) -- Coalesce.io, the data transformation company, today announced that it has closed $50 million in Series B funding to drive growth and platform innovation. Industry Ventures and Emergence Capital led the round with participation from 11.2 Capital, Bob Muglia, DNX Ventures, GreatPoint Ventures, Hyperlink Ventures, Next Legacy Partners, Snowflake Ventures, and Telstra Ventures, bringing the company's total funding to $81 million. "We've had a front-row seat to Coalesce's success, seeing them consistently outperform targets," said Fanni Fan, Principal at Industry Ventures. "Their customers regularly cite them as the most vital part of their data stack, and their mature partner ecosystem is impressive for their stage. Encouraged by this, we confidently led their Series B investment." Since publicly launching in 2022, Coalesce has revolutionized data transformation within the ELT (Extract, Load, Transform) workflow on the Snowflake Data Cloud. By focusing on the ...