EdgeSpring Raises $11 Mln

EdgeSpring said on Thursday that it raised a total of $11 million in  financing including a $9 million series A from Kleiner Perkins Caufield & Byers and Lightspeed Ventures. EdgeSpring also announced that it has developed CrunchEdge for Crunchbase, a crowdsourcing platform that provides data on venture investments and startup company information. CrunchEdge will be unveiled in early June. EdgeSpring, which is headquartered in San Mateo, Calif., is a data analytics platform.

PRESS RELEASE

SAN MATEO, Calif. – May 16, 2013 – EdgeSpring today announced general availability of its Business Intelligence and Analytics Platform designed from the ground up to empower users to rapidly derive business insights from data of any size or structure, without dependence on overburdened analysts and IT specialists. The company has raised a total of $11 million in financing including a $9 million series A from Kleiner Perkins Caufield & Byers (KPCB) and Lightspeed Ventures. EdgeSpring’s platform enables users to drive timely decisions by asking and easily answering first and second order questions across structured and semi-structured data, like never before.

“From day one, our vision was to democratize information access in the enterprise,”said Vijay Chakravarthy, founder and CEO of EdgeSpring. “We are thrilled to have a fast growing list of engaged customers, such as Equinix, Lithium, and Xactly, to name a few, validating our vision through their rapid adoption of EdgeSpring”

“EdgeSpring is a dramatically disruptive Business Intelligence platform,” said Brian Lillie, CIO of Equinix. “They have enabled us to rapidly build easy-to-use analytic apps that our users love.”

To showcase the power of its platform, EdgeSpring has also developed CrunchEdge, a playground to explore Crunchbase, a crowdsourced data set of venture investments and startup company information. CrunchEdge will be made publicly available at the beginning of June.

“As enterprises face an explosion of new types of data and as business leaders strive to go from raw data to informed decisions, Big Data Analytics creates tremendous value,” said Ted Schlein, general partner at KPCB. “EdgeSpring is poised to capture a large slice of the Big Data Analytics market with its powerful platform.”

About EdgeSpring

 Founded in 2010 by leading experts with backgrounds in Salesforce, IBM and Oracle, EdgeSpring’s vision is to deliver the shortest path from data to decisions by empowering business end users to ask any question of their data and receive answers, anytime, anywhere. At the core of the platform are two innovations – the EdgeMart, a revolutionary data store and the Lens Framework, a dynamic visualization engine. EdgeSpring has received Series A funding from Kleiner Perkins Caufield & Byers and Lightspeed Ventures. EdgeSpring’s customers include AppSense, Demandbase, Docusign, EllieMae, Equinix, Hara, HighWire, IntacctLithium, Neustar, Pandora, SpruceMedia, and Xactly.

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