Versori, a Manchester-based provider of data infrastructure solutions, has raised $3.5 million in a funding round led by Stage 2 Capital.
With the latest investment, Versori aims to propel its flagship product, Switchboard, an any-to-any system integration and workflow automation platform, to new heights. Switchboard, powered by cutting-edge AI tools for schema building, data transformations, and data mappings, has already garnered attention as the backbone behind integrations for big-name companies such as Sephora, Frasers Group, and ASOS.
The investment from Stage 2 Capital, along with angel investors including Cindy Bi of Capital X and Jamie Su, will primarily be used to bolster product development efforts for integration and visualisation tooling within Versori’s data infrastructure platform.
The company also plans to expand its go-to-market team through strategic hiring initiatives, enabling it to deliver comprehensive solutions to an even wider range of customers.
“We are thrilled to secure this significant investment, which underscores the immense potential of Versori’s data infrastructure platform,” said Sean Brown, founder and CEO at Versori. “The funds will be instrumental in further enhancing our integration and data visualisation capabilities, allowing us to meet the complex data integration needs of modern enterprises across various industries.”
Versori will initially focus on catering to system-led integration requirements, including ERP systems, e-commerce platforms, CRMs, and other critical systems. By providing seamless integration and automation solutions, Versori aims to empower businesses with improved data management, enhanced operational efficiency, and better decision-making capabilities.
The latest investment further solidifies Versori’s position in the data infrastructure market. With a rapidly growing customer base and a strong commitment to innovation, Versori says it is well-positioned to revolutionise how enterprises integrate and leverage their data.
Jay Po, co-founder and managing partner at Stage 2, added: “More than $350bn is spent on complex data integration problems currently solved by consultancies and service providers. Versori’s Switchboard solution is making any-to-any system integrations possible with incredibly fast time-to-value that the market needs. We’re so excited to back the Versori team to help customers solve the most complex of data integration challenges.”