Overview

Flatfile provides a data import solution that helps businesses streamline their data import workflows. Its main product is a smart API that allows companies to embed a file importer into their applications, which can automatically collect and convert data files from various sources. This makes it easier for businesses to manage large volumes of data and collaborate on data onboarding projects. Flatfile differentiates itself from competitors by offering a freemium model, allowing users to try the service for free and upgrade as their needs grow. The platform is built on modern cloud technologies, ensuring scalability and compliance with industry regulations for data safety. The goal of Flatfile is to improve the data import process for businesses, providing them with a quick and lasting return on investment.

Simplify's Take

What believers are saying

• Flatfile's acquisition of Chatcsv Inc. enhances its AI capabilities for advanced data processing.
• The rise of low-code platforms aligns with Flatfile's easy-to-integrate API approach.
• Growing demand for data quality and governance boosts Flatfile's data import and cleansing solutions.

What critics are saying

• Increased competition from AI-powered startups could threaten Flatfile's market share.
• Integration challenges from acquiring Chatcsv Inc. may disrupt Flatfile's operations.
• Reliance on Amazon S3 exposes Flatfile to third-party service risks.

What makes Flatfile unique

• Flatfile offers an AI-assisted data exchange platform with an extensible API-first approach.
• The platform supports enterprise-scale data import solutions, enhancing developer productivity and data quality.
• Flatfile's compliance with SOC 2, HIPAA, and GDPR ensures high data safety standards.

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Funding

Total Funding

$94.7M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$50,000,000

Series B

Sep 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$50M

$65M

$100M

View all funding stages