Next World Capital led a $19 million Series D investment in the big data analytics company Datameer. Investors in the round also include Workday, Citi Ventures, and Software AG, as well as existing investors Kleiner Perkins Caufield & Byers and Redpoint Ventures. The company previously raised about $18 million in funding. As part of the Series D round, Ben Fu, a partner at the San Francisco-based expansion-stage firm Next World Capital, has joined the board.
Datameer Secures $19 Million to Meet Global Demand for Self-Service Big Data Analytics for Hadoop
Expansion round funded by respected industry leaders will accelerate global growth and continued product innovation
SAN MATEO, Calif., Dec. 18, 2013 –Datameer, the leader in self-service Big Data analytics for Hadoop, today announced the completion of a $19 million Series D round. Investors include Workday, Citi Ventures, and Software AG, and the round was led by Next World Capital (NWC), an international, expansion-stage venture capital firm headquartered in San Francisco with a strong presence in Europe. Existing investors from venerable Silicon Valley funds Kleiner Perkins Caufield & Byers and Redpoint Ventures also participated. This investment allows Datameer to meet exploding enterprise demand for Datameer’s Big Data Analytics application plus fuel the company’s rapid expansion into international markets. Datameer also announced that NWC partner Ben Fu will join the company’s board.
“Datameer is unquestionably leading the massive shift to next-generation BI as enterprises re-platform their data warehouses to include Hadoop-based architectures,” said Fu. “Datameer has a highly differentiated analytics solution and the only one of its kind to run natively on Hadoop. We are eager to see Datameer penetrate new markets around the world with the help of our unique European Advisory Network.”
In the past year, Datameer has nearly tripled in size and now counts more than 130 leading brands from every major vertical as customers, including British Telecommunications, Cardinal Health, CDW, Sears, and Visa, among others. Drastically decreasing the time it takes to get insight from data over traditional Business Intelligence systems, Datameer’s self-service application for big data analytics on Hadoop empowers business users in any industry to integrate, analyze and visualize big data with a single tool.
“Datameer is the fastest growing Business Intelligence company in the big data market, and given the company’s deep and broad customer base, we expect the company to continue to grow several hundred percent per year,“ said John Walecka, partner at Redpoint Venture Capital.
“Companies need better insights from their data to make critical business decisions, and Datameer’s native Hadoop platform delivers an innovative approach to solve this challenge,” said Dan Beck, vice president, financial management and analytics products, Workday. “Datameer has quickly established itself as a market leader, and we are excited to support its expansion and continued growth.”
“This funding is entirely about allowing us to meet the nonstop global demand for our product. Across every industry, companies are moving past Hadoop science projects and realizing they need a proven big data analytics tool that finally frees them from schemas and ETL,” said Stefan Groschupf, CEO of Datameer.
Datameer is the only self-service and schema-free Big Data analytics application for Hadoop that ensures the fastest time to discovering insights in any data. A no-ETL solution, anyone can use Datameer’s wizard-based data integration, iterative point-and-click analytics, and drag-and-drop visualizations to find the insights that matter to drive their business forward. Founded by Hadoop veterans in 2009, Datameer scales from a laptop to thousands of nodes and is available for all major Hadoop distributions. Datameer is based in San Mateo, Calif. For more information on Datameer, please visit www.datameer.com