Squirro Completes Financing Round of $10 Million Led by Orange Growth Capital

Squirro has completed a $10m Series B funding round led by new investor, Orange Growth Capital. They are joined by another new investor, Salesforce Ventures, and existing investors.

Squirro will use the new funding to accelerate growth in emerging markets, further strengthen the company’s presence in North America and Europe, and reinforce the R&D team based in Zurich.

“The new funding round by prominent investors allows us to increase speed,” says Dr. Dorian Selz, CEO and co-founder. “Deploying this technology will allow any company to leverage their prime asset data and reap significant returns of investment. This financing represents another important step forward in reaching our goal to build Squirro into the market leading enterprise in this space. With these additional resources, we will continue to innovate, grow our geographic footprint and expand our partner ecosystem.”

“We are pleased to back Squirro which is at the epicenter of innovation in terms of the data management”, said Radboud Vlaar, Partner at Orange Growth Capital. “With a focus of applying its artificial intelligence technologies, the company has attracted high quality customers globally that find its data management technology highly relevant to their businesses. We’re excited to partner with Squirro and look forward to working with them in taking the business to the next stage of growth.”