SAN FRANCISCO, Aug. 18, 2015 /PRNewswire/ -- Datameer, the only proven big data analytics platform for everyone, today announced it has closed a $40 million round of financing. ST Telemedia (STT) led the round, joined by Top Tier Capital Partners (TTCP) and participation from Kleiner Perkins Caufield & Byers (KPCB), Redpoint, Next World Capital, Software AG and Citi Ventures. These funds more than double Datameer's previous investments to over $76 million.
Datameer will use the additional capital to strategically develop its teams across all business units and to accelerate its global expansion. Nikhil Eapen, chief strategy & investment officer and executive vice president with ST Telemedia, will also join Datameer's board, bringing with him extensive knowledge of the communications, media and technology landscape in Asia.
"It's exciting that Datameer is in such high demand that our customer base has been a significant contributor to our sustainability," said Stefan Groschupf, CEO. "Now, the additional support from our investors will help take us to the next level."
"Data is a strategic asset and big data is increasingly a cornerstone of enterprise strategy," said Nikhil Eapen, chief strategy & investment officer and executive vice president of STT. "Datameer has enabled some of the world's leading enterprises to translate raw data into critical insight seamlessly and within the fastest time possible. We see tremendous strategic and complementary fit in our partnership."
"Datameer has fundamentally changed the way business users analyze big data," said Garth Timoll, managing director of TTCP. "The company has experienced strong year-over-year growth and we are optimistic about our new partnership."
"Big data and Hadoop adoption is not slowing down," said Ben Fu, general partner with Next World Capital. "Companies globally and from every vertical are transforming their businesses through data insights that can only be generated by modern data applications. Datameer is leading this transformation and we're excited to help them accelerate their growth and expand their global footprint."
Datameer was founded in 2009 with the aim of combining the power of Hadoop with a spreadsheet interface, enabling business users to easily run analytics against very large data sets, with no programming required. More than 200 companies including Citi, Telefonica, Workday, and VISA use Datameer to integrate, prepare, analyze, and visualize all their data, driving significant competitive advantage and unprecedented ROI.
Datameer makes big data analytics easy for everyone. The entire process of data integration, preparation, analytics and sharing the final visualizations is self-service. Hundreds of customers, including CIOs, CMOs, CTOs, doctors, scientists, law enforcement officials, and even olympic athletes all rely on Datameer to help them get from raw data to insight faster than ever. Datameer combines Hadoop's unlimited storage and compute power with a common spreadsheet interface and powerful functionality, quickly transforming businesses into agile, data-driven organizations.