Press Release
October 10, 2023

TQ Ventures and Menlo Ventures Co-Lead Cleanlab’s $25 Million Series A Investment

The Technology team advised TQ Ventures and Menlo Ventures in their co-lead investment in Cleanlab’s $25 million Series A funding round.

TQ’s Schuster Tanger and Menlo Ventures' Matt Murphy will join the board. Existing investor Bain Capital Ventures and new investor Databricks Ventures also participated in this funding round.

TQ, based in New York City, is a leading venture capital firm that invest primarily in backs early-stage and growth-stage companies. TQ is generally agnostic on industry and geography, and instead prioritizes partnering with extraordinary Founders.

Menlo, based in San Francisco, California, invests primarily in seed to growth companies with the potential to disrupt huge markets. Founded in 1976, Menlo has backed hundreds of entrepreneurs and helped build more than 600 companies globally.

Cleanlab provides algorithms/interfaces to help companies across all industries improve the quality of their datasets and diagnose/fix various issues in them. They develop next-generation DCAI algorithms that is released publicly as open-source software as well as enterprise SaaS products with interfaces for data scientists/engineers to effectively improve their data quality and produce more reliable ML models.

The Goodwin team was led by Caine Moss, Dane Patterson, John Hutar, Sharon Gesare Nyakundi, Susie Chen, Brittany Fayette and Jinny Kim; with invaluable assistance from Cisco Palao-Ricketts and Patrick Menasco.

For more details, read the press release.