AtScale Raises B Round on Heels of Fivefold Revenue Growth, Affirms Leadership in Big Data Analytics Market
BI on Hadoop leader backed by prominent roster of investors and advisors, including the co-founders of Cloudera and Yahoo!
May 16, 2016, 07:00 ET
SAN FRANCISCO, May 16, 2016 /PRNewswire/ -- AtScale, Inc., the first company to provide business users with a fast and secure self-service BI platform for Hadoop, announced today that it has raised a Series B round of $11M, bringing its total funding to date to $20M. Led by Comcast Ventures, this round also saw the participation of UMC, AME Ventures as well as Storm Ventures and XSeed Capital. To find out more about AtScale, go to www.atscale.com/try
"With this new financing, the company is poised to accelerate growth and drive innovation enabling enterprises to derive insights on massive data sets in Hadoop as evidenced by partnerships in the industry, including Comcast," said Matt Carbonara, Principal at Comcast Ventures. "Comcast Ventures is excited to help AtScale by facilitating access to significant resources and expertise via our vast enterprise and service provider ecosystem."
Impressive Adoption and Growth
Launched publicly a year ago, AtScale recently announced five-fold revenue growth and welcomed as customers some of the world's most prestigious organizations, from Aetna to Home Depot, Bloomberg, Groupon and Yellow Pages.
AtScale comes to the industry forefront at a time when most enterprises are adopting Hadoop and looking for solutions to connect their business users to this next-generation data platform in a market that IDC valued at $122B.
AtScale's unique architecture allows it to provide people with rapid-fire and unlimited access to Big Data, using the tools they are familiar with, while adhering to enterprise security and governance standards. This explains AtScale's rapid ascension across a wide array of industries from healthcare, to telecommunications, to retail and financial services.
"While other companies have been spending their time raising large funding rounds, our focus has been on building a solution that solves problems for enterprise customers," explains Dave Mariani, Founder and CEO at AtScale. "Frankly, we weren't looking for capital. Investors came knocking on our door and this investment allows us to scale even faster."
Mariani, a serial-entrepreneur who launched and sold two of his own companies, is a Big Data veteran with intimate understanding of the challenges customers face with Hadoop. Prior to AtScale, he led Yahoo!'s foray into Business Intelligence on Hadoop. At Klout, his team managed a 200-node Hadoop cluster and powered the 1 Trillion-row data warehouse that scored half of Facebook's traffic.
"Our focus from day one has been crystal clear: provide an answer to business users' insatiable appetite for more data without moving data around, learning new Business Intelligence tools, or understanding the intricate details behind Hadoop or Spark. We've been extremely focused on delivering the industry's first Unified Analytics Interface for Big Data," says Dave Mariani, CEO and Founder.
Timing, Focus, Experience and Execution
The company's focus, great timing and superior architecture allowed it to quickly climb to the top of the enterprise buyer's list. AtScale is the only industry player that provides an open and Hadoop-native solution for BI on Hadoop. Additionally, the company has forged key partnerships with the leading big data infrastructure and visualization companies, including Tableau Software and Microsoft.
In its latest release, the company announced the addition of key governance and security functionality, making AtScale the industry's most secure, most flexible BI on Hadoop solution. AtScale requires no data movement, installs no new client driver on users' machines and provides a dimensional semantic layer between Hadoop and any Business Intelligence tools.
To find out more, simply go to www.atscale.com/try
About AtScale
AtScale makes BI work on Hadoop. With AtScale, business users get interactive and multi-dimensional analysis capabilities, directly on Hadoop, at maximum speed, using the tools they already know, own and love – from Microsoft Excel to Tableau Software to QlikView. Built by Big Data Veterans from Yahoo!, Google and Oracle, AtScale is already enabling the BI on Hadoop revolution at major corporations across healthcare, telecommunications, retail and online industries. To see how AtScale can help you, go to www.atscale.com/try
SOURCE AtScale, Inc.