San Mateo, Calif.-based Arcadia Data has come out of stealth and announced its has raised $11.5 million in Series A funding led by the Mayfield Fund. Blumberg Capital and Intel Capital also invested in the company, which provides a business intelligence platform for big data.
Arcadia Closes $11.5M Investment Round to Reinvent Data Analytics and Business Intelligence for Big Data
Series A Funding from Mayfield, Blumberg Capital and Intel Capital Accelerates Push to Overcome Barriers to Big Data Adoption; Fuels Product Development and Sales and Marketing Strategy
San Mateo, Calif., June 9, 2015 — Arcadia Data, provider of the first unified visual analytics and business intelligence (BI) platform for big data, today announced it has raised $11.5 million in a Series A funding round led by Mayfield, with additional investment from Blumberg Capital and Intel Capital. With this investment, Arcadia will continue to deliver on its vision to give business users accelerated access to all of their data by further expanding its product, sales and marketing teams.
Today, Arcadia Data also announced the unveiling of its visual analytics and BI platform enabling business users to directly interact with data in Hadoop to glean rich insights with drag-and-drop ease. With this funding, the company will continue to enhance its product portfolio and help companies overcome barriers to enterprise-wide big data adoption.
“We have been investing in the big data space for a while and have seen our companies grow into platforms such as NoSQL provider Couchbase and Hadoop vendor MapR,” said Navin Chaddha, Mayfield managing director and Arcadia board member. “We believe that the next wave of innovation will happen at the analytics level with delightful products that rapidly deliver granular insights to the business user. We are excited to champion Sushil and the team and think Arcadia has the potential to grow into the Tableau of the big data world.”
According to Gartner’s 2015 Hadoop Adoption Study, one of the biggest barriers to big data adoption is the complexity of Hadoop with 57 percent of respondents stating that skills gaps inhibit adoption. Arcadia eliminates this challenge with its converged analytics platform that brings speed, simplicity and scale to data analytics. Some of the world’s most data-driven companies — including Appboy, HP, and MarketShare — have turned to Arcadia to derive meaningful insights from their data and drive the use of big data across their organizations.
“Arcadia connects business users to Hadoop and delivers net-new analytics at interactive speeds on large scales of data,” said Jason Waxman, vice president and general manager of the Cloud Platforms Group at Intel. “Intel’s investment in and collaboration with Arcadia will help us scale and meet the growing demand for big data visual analytics and business intelligence platforms.”
The Arcadia converged analytics architecture allows businesses running Hadoop to quickly build apps with drag-and-drop ease and perform exploratory analysis on all of their data, rather than just a subset. While it is optimized for Hadoop, users can also build apps across other data sources including MySQL, Oracle and Teradata. Extensive partnerships with companies including Cloudera, Hortonworks, Intel, IBM and MapR, ensure that users have a seamless workflow.
“We seeded Sushil and the founding team and raised this oversubscribed round to help support the tremendous demand Arcadia is experiencing in the market”, said Bruce Taragin, Blumberg Capital managing director and Arcadia board member. “The hyper growth testifies to the product-market fit and the need within the big data marketplace to connect business users to Hadoop.”
The recent funding will be used to expand the Arcadia portfolio of products, and to build out a community of users. Arcadia just announced Arcadia Instant, a downloadable version of the visual analytics portion of the Arcadia platform. Arcadia also announced that its enterprise offering, Arcadia Enterprise, is in limited release and will be fully available in late 2015. Funds will also be used to double the size of the product development, sales and marketing teams by the end of the year.
“This is an exciting time for us at Arcadia. Businesses want to be more data driven, yet have lacked an easy-to-use, integrated product that gives them accurate answers to their most pressing business questions,” said Sushil Thomas, CEO at Arcadia. “Our converged analytics platform solves these problems on data as scale. We are seeing great momentum at large enterprises that use Hadoop to store data and use Arcadia’s Converged Analytics Platform(™) to visualize and analyze these datasets. We are looking forward to using this funding to carry that momentum forward.”
To learn more about Arcadia Instant and the company, visit www.arcadiadata.com/instant.
Arcadia will also be showcasing its product offerings at booth #S-8 at Hadoop Summit taking place June 9-11 in San Jose, Calif.
Mayfield is a global venture capital firm with over $2.6 billion under management and has been championing entrepreneurs for more than 45 years. Mayfield invests primarily in early-stage consumer and enterprise-facing IT companies. Since its founding in 1969, the Firm has invested in more than 550 companies, resulting in over 110 IPOs and more than 150 mergers or acquisitions. For more information, please visit www.mayfield.com.
About Blumberg Capital
Blumberg Capital is an early-stage venture capital firm that invests in exceptional entrepreneurs with transformative ideas to build successful companies. The Blumberg team has extensive experience collaborating with companies in Enterprise Software and SaaS, Financial Services, Security, Mobility, Digital and Social Media, and Consumer Internet. The investment team all have relevant operational expertise and focused networks that can be leveraged to connect entrepreneurs with partners to drive success. Blumberg Capital is headquartered in San Francisco with team members and advisors in Tel Aviv and New York. Blumberg Capital specializes in leading Seed and Series A rounds in syndication with angels, venture capital firms and strategic investors. To learn more, visit Blumberg Capital at www.blumbergcapital.
About Intel Capital
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,400 companies in 57 countries. In that timeframe, 210 portfolio companies have gone public on various exchanges around the world, and 369 were acquired or participated in a merger. In 2014, Intel Capital invested $359 million in 125 investments, including 59 new deals. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
About Arcadia Data
Arcadia Data has built the first unified visual analytics and business intelligence (BI) platform for big data. The Arcadia Data Converged Analytics Platform(™) allows enterprises running Hadoop to build apps with drag-and-drop ease and get accelerated access to all of their data. With a world-class team from IBM, Teradata, Aster Data and 3PAR, the team has a deep understanding of big data architectures and applications. The Arcadia Data platform is deployed by some of the world’s most data intensive companies, including Appboy, HP, and MarketShare. To learn more, visit Arcadia at www.arcadiadata.com.