DAG Ventures leads Series B round for ClearStory Data

ClearStory Data said Monday that it has received $21 million in Series B funding. DAG Ventures led he round with participation from Andreessen Horowitz, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers. Also, the firm has named Shona Brown, a former senior vice president at Google, to its board of directors. Based in Palo Alto, Calif., ClearStory Data is a provider of data intelligence solutions.

PRESS RELEASE

PALO ALTO, CA — (Marketwired) — 03/31/14 — ClearStory Data, the company that’s bringing Data Intelligence to everyone, today announced it has raised $21 million in Series B funding. New investor DAG Ventures leads the round, with additional investments from Andreessen Horowitz, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers (KPCB). The round brings ClearStory Data’s total funding to $31.5 million and positions the company for fast growth based on its next-generation approach to making disparate data analysis fast and simple for anyone across organizations large and small.
ClearStory Data also announced that former Google SVP Shona Brown, who was instrumental in building Google’s business and people operations, joins the company’s Board of Directors. Brown played a key role in helping Google scale from just a few hundred to 30,000+ people and become a world-changing company.
Business competition, and the availability of new data sources, leads companies to ask ever more complex and data-driven questions. ClearStory’s next-generation end-to-end Data Intelligence solution speeds insightful decisions by:
Dramatically simplifying access across disparate internal and external data
Automating data harmonization and blending
Enabling fast exploration and rich collaborative analysis.
Unlike last-generation data analysis solutions, ClearStory removes the complexity for the end user and brings more data, faster, to more people across the organization. ClearStory’s technology combines a powerful data-processing and data-intelligence platform with a simple user application that harmonizes disparate data to help inform decisions and collaboratively drive new insights.
“ClearStory Data has a huge opportunity to lead a new era in which fast data-driven decisions are the ‘new normal’ within any company,” said Shona Brown, new ClearStory Data board member. “I’m pleased to be joining the board to help ClearStory grow into a ubiquitous data-intelligence solution that any line of business relies on to make better decisions faster.”
ClearStory Data’s approach quickly uncovers important answers spanning disparate data sources that other last generation and “big data analytics” technologies simply cannot because they can’t scale, they require time-intensive data modeling and manipulation, and they depend on data experts and IT skill sets. ClearStory changes all that with a new approach so anyone can now access disparate data, use ClearStory’s Intelligent Data Harmonization™ to converge data-on-the-fly, and quickly reach visual, collaborative insights all within a simple user experience. By making it easier and faster, ClearStory opens new doors for every business user and analyst.
“Data in the workplace now comes from innumerable sources and it has to get easier and faster for business users and analysts to reach answers without relying on IT or data scientists,” said ClearStory Data CEO Sharmila Mulligan. “Further, there needs to be a new way for people to collaborate as data gets more abundant, for faster decision making. Our end-to-end solution combines all the data processing, intelligence, and user experience needs to achieve this. Today’s investment lets us scale rapidly to shape next-generation Data Intelligence and change how companies consume data.”
“It’s evident that the new data landscape begs for a transformational solution and ClearStory’s end-to-end approach leads the way in making data more consumable for companies big and small,” said John Cadeddu at DAG Ventures. “The ClearStory Data team brings unique big-data expertise and superb design experience together to solve this problem for businesses worldwide and we look forward to helping create a market-changing company.”
Experience ClearStory’s Data Intelligence that’s easy for anyone who needs to speed data analysis and empower collaborative decision-making by visiting www.clearstorydata.com.
About ClearStory Data
ClearStory Data is bringing next-generation Data Intelligence to everyone in order to accelerate the way businesses get answers across any number of data sources. By dramatically simplifying data access to internal and external sources, harmonizing disparate data on-the-fly, and enabling fast, collaborative exploration, ClearStory Data’s end-to-end solution includes an integrated platform and incredibly simple user application. The company is backed by Andreessen Horowitz, DAG Ventures, Google Ventures, Khosla Ventures, and Kleiner Perkins Caufield & Byers (KPCB). To keep up with how the world is becoming more Data Intelligent, visit www.clearstorydata.com and follow us on Twitter @ClearStoryData.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget