Datameer Secures $9.25 Million in Series B Financing Led by Kleiner Perkins Caufield & Byers
Existing investor Redpoint Ventures also participates with capital to expand team and drive further adoption of Datameer's big data analytics solution
SAN MATEO, Calif., NEW YORK and HALLE, Germany, May 17, 2011 /PRNewswire/ -- Datameer, Inc. (www.datameer.com), a provider of end-user analytics solutions built on Apache Hadoop, today announced that they have secured $9.25 million in Series B financing. New investor Kleiner Perkins Caufield & Byers (KPCB) led the round, which also included participation from existing investor Redpoint Ventures. Datameer will use the capital to fuel company growth including continued expansion of the sales, engineering and marketing teams and to drive further adoption of its pioneering Datameer Analytic Solution (DAS).
The Datameer Analytic Solution is the first and only packaged business intelligence solution for Apache Hadoop. Designed to help business users access, integrate and analyze massive amounts of structured and unstructured data, DAS leverages the linear scalability and dramatic cost-effectiveness of Hadoop while masking its technical complexity. Datameer has already seen significant customer traction across financial services, retail, telecommunications, government and new media.
"We are impressed with Datameer and the innovation they have demonstrated in a very short period of time," said Ellen Pao, partner at Kleiner Perkins Caufield & Byers and a new member of Datameer's board. "Datameer's ability to open up the power of Hadoop to business users is key to this next wave of business intelligence known as big data analytics and we are excited to help the company achieve its vision."
"Datameer offers a unique solution that provides critical insights across massive amounts of structured and unstructured data," said John Walecka, Founding Partner at Redpoint Ventures. "Since our initial investment in Datameer, the team has exceeded every milestone and we believe the additional investment is key to leveraging first mover advantage."
"We are very excited to have Kleiner Perkins Caufield & Byers lead our Round B financing and pleased that Redpoint Ventures also validated our strategy with their participation," commented Stefan Groschupf, CEO of Datameer. "Our ability to raise significant capital from top tier investors is testament to Datameer's vision of big data analytic applications as well as the market potential. The support and expertise of KPCB and our other investors will be critical as we continue to expand our team to capitalize on the opportunities ahead of us."
For more information, please visit www.datameer.com.
Datameer offers the first data analytics solution built on Hadoop that helps business users access, analyze and use massive amounts of data. Founded by Hadoop veterans in 2009, the company's breakthrough product, Datameer Analytics Solution (DAS), provides unparalleled access to data with minimal IT resources. DAS scales to 4,000 servers and petabytes of data and is available for all major Hadoop distributions including Apache, Cloudera, Yahoo!, IBM, and Amazon. Datameer is based in San Mateo, Calif.
About Kleiner Perkins Caufield & Byers
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in over 600 ventures, including AOL, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, Verisign and Xilinx. KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. The firm has offices in Menlo Park, California; Beijing, China; and Shanghai, China. For additional information visit, www.kpcb.com.
About Redpoint Ventures
Redpoint Ventures teams up with exceptional entrepreneurs to help build industry-defining technology companies. Redpoint partners have many decades of experience and success in technology investing; combined with this foundation, the firm is able to leverage a thriving network of entrepreneurs, partners, and industry experts to accelerate building market-leading companies. Redpoint's portfolio includes innovative start-ups like Fortinet, Gaia Online, HomeAway, LifeSize, Solyndra, Topspin Media and others. Redpoint partners have also backed industry leading companies such as Ask.com, Concur, Danger, Documentum, Fraud Sciences, GetThere, LoopNet, MarketAxess, MySpace, Netflix, RightMedia, and TiVo. The firm is headquartered in Menlo Park, CA with offices in Los Angeles and Shanghai, China. For more information, visit www.redpoint.com.
SOURCE Datameer, Inc.
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