Tamr raises $10 million for AI-powered data analytics

Big data analytics might not be the most exciting application of artificial intelligence (AI), but there's a lot of money in it -- as much as $42 billion, according to Statista. So it's not exactly surprising that startups like Tamr, a Cambridge, Massachusetts-based company that leverages AI to speed up analytics workflows, continue to rake in the capital. Tamr announced today that it has closed a $10 million round with participation from Pear Tree Partners and Granite Hill Capital Partners. It also announced the appointment of new board observers: John McClellan, a partner at Pear Tree Partners; Masataka Otomo at SBI Investment; and Mona Vernon, chief technology officer of Thomson Reuters Labs. The funds will fuel future growth, cofounder and CEO Andy Palmer told VentureBeat.