Truthset, a San Francisco, CA-based data validation-as-a-service platform provider, has raised $5 million in Series A funding.
Investors
The round was led by Data Point Capital, with participation from more than 20 industry insiders. Data Point Capital is a venture capital firm based in Boston, Massachusetts, focusing on early-stage consumer internet companies across the United States.
Truthset Use of Funds
The company will use the funds to continue to enhance its products and launch additional solutions. It also plans to make strategic hires to accelerate growth with media and advertising clients, as well as with its Data Collective.
About Truthset
Founded in 2019, Truthset is a data intelligence company focused exclusively on validating the accuracy of consumer data. The company helps brands build trust in their data and improve the performance of any data-driven decision. Truthset is trusted by various brands, agencies, and media companies, including TelevisaUniversal and Heineken, and collaborates with major data providers like Experian, TransUnion, and Epsilon.
Funding Details
Company: Truthset, Inc.
Raised: $5.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Data Point Capital
Additional Investors: 20 Industry Insiders
Company Website: https://www.truthset.io/
Software Category: Data Validation
Source: https://www.prweb.com/releases/truthset-secures-5-million-in-series-a-funding-to-bring-accuracy-collaboration-and-performance-to-trillion-dollar-consumer-data-industry-302269725.html