Software Startup Numetric Raises $10.9 Million

According to a recent SEC filing, Numetric raised $10.9 million in Series A financing from an undisclosed investor.

Numetric offer business intelligence solutions, ranging from data centralization and cleaning to analysis and publishing. According to the company, it takes five minutes for competitor solution providers to process ten million rows of data that takes Numetric less than a second. Enterprise users of Numetric receive a self-contained data warehouse, a semantic layer, and a data exploration layer, cutting the total cost of ownership by two-thirds.