DataTorrent, a Santa Clara, CA-based provider of real-time big data analytics platform, closed a $15m Series B financing.
The round was led by Singtel Innov8, with participation from GE Ventures and existing investors from the company’s Series A round (August Capital, AME Cloud Ventures and Morado Venture Partners). In conjunction with he funding, Singtel Innov8 Managing Director Jeff Karras will join DataTorrent’s board of directors.
The company, which has now raised $23.8m, intends to use the funds to continue to innovate the platform and make data analytics accessible to enterprise customers at all levels and roles – data center operations, developers, data scientist and business analysts.
Led by Phu Hoang, co-founder and CEO, DataTorrent provides an enterprise grade real-time stream processing platform (RTS) on Hadoop that features end-to-end data pipeline optimization including data ingestion, transformation, advanced analytics, alerting and automated actions. Additionally, the platform’s open source library of hundreds of Java-based operators enables big data application development.
FinSMEs
28/04/2015