MOUNTAIN VIEW, Calif. and AUSTIN, Texas, Nov. 7, 2016 /PRNewswire/ -- Treasure Data, a leading cloud platform to make all data connected, current, and easily accessible, today announced the close of a $25 million Series C funding round, led by SBI (formerly known as SoftBank Investment) and INCJ (Innovation Network Corporation of Japan) with additional investment from existing investors Scale Venture Partners, Sierra Ventures, AME Cloud Ventures, Dentsu, IT-Farm, Bill Tai and others, bringing the company's total funding to $54 million. Treasure Data raised this round primarily to support the market introduction of the first Live Data Management platform, to be unveiled at the Tableau Conference this week in Booth 309. With the power to instantly collect and unify data from varied sources across the enterprise, along with intuitive, self-service analytics, Live Data Management opens greater access to real-time data insights to more users throughout an organization.
"Since 2000, half of the companies that were in the Fortune 500 have been disrupted into extinction, due in part to slow reaction to market signals and shifts in customer behavior. While their own data could have told this story and allowed them to adapt -- they just couldn't see it in time," explained Hiro Yoshikawa, CEO and Co-Founder of Treasure Data. "Data is today's strategic weapon for competitive advantage, proven by the most successful algorithm-driven businesses like Google, Netflix, Amazon, and Facebook. With a Live Data Management platform, any organization can immediately have a modern data stack, revealing a complete picture of their business to make better decisions -- without investing years and massive engineering resources."
Live Data Management brings a company's entire body of first- and third-party data together in one place, connects it together, and keeps it current, so all the people and algorithms that drive the business can access and analyze it to make critical decisions with confidence. Live Data helps clients more effectively identify, learn from, and respond to customer behavior, industry trends, and rapidly changing markets, with data from numerous sources that is always up-to-date and accessible.
The Need for Live Data Management
With a growing set of tailored solutions designed for common industry use cases, Treasure Data supports the specific needs of companies and departments focused on Marketing and Advertising, Gaming and Content Publishing, Business and Sales Operations, Retail and eCommerce, and more. Innovative companies like GE Healthcare, Mitsubishi Heavy Industries, Pioneer, and Wish, among others, look to Treasure Data for the competitive advantage that comes with Live Data Management. Overall, Treasure Data's clients generate more than two million events every second, and make nearly seven million data queries each month.
Treasure Data has boosted both revenue and client growth by triple digits this year, and expects to accelerate its trajectory as more and more industries awaken to the competitive need for Live Data Management. "The explosion of mobile apps, new business applications, scalable data storage, and extensible web services has created a flood of data, and is driving total reinvention of business models and operations -- the winners use Treasure Data to make it all very simple," said Bill Tai, Treasure Data early investor and Board Chairman. "What's been missing is a common platform that can empower every key decision maker with a holistic view of what really matters, and confidently maintain a data driven viewpoint in real time. Today our customers have it with our Live Data Management."
Treasure Data's Live Data Management platform also supports a growing list of nearly 100 integrations with business critical platforms and applications, ranging from Web and Mobile Analytics, to CRM and BI, to Storage and Databases, and the most popular containers like Docker and Kubernetes - taking on the burden of keeping up with the ever-changing protocols, formats, and API updates, so customers can spend their time and resources on actually running their business. This also includes support for Fluentd, which is an open source project initiated and led by Treasure Data engineers, and has become the data collector of choice for developers, featuring over 600 community-contributed plug-ins and used by over 2,000 data-driven companies including Microsoft, Atlassian and Nintendo.
"We are seeing increased demand for managed data management and analytics services that enable enterprises to generate value from data from multiple sources, including on-premises applications, SaaS application, and cloud services, without having to configure and manage their own on-premises big data storage and processing infrastructure," said Matt Aslett, Research Director, Data Platforms and Analytics, 451 Research. "Treasure Data's latest funding gives it the resources to expand on the initial adoption of its data collection, unification and analytics service."
About Treasure Data
Treasure Data is a pioneer of Live Data Management - making all your organization's data connected, current, and easily accessible to the people and algorithms that drive your business success. With a global customer base including Mitsubishi Heavy Industries, Pioneer, Subaru, Wish, and Pebble, Treasure Data's clients generate more than two million events every second and make nearly seven million data queries monthly, resulting in more predictable and profitable business results. Founded in 2011 in Mountain View, California, with offices in Japan and Korea, Treasure Data is backed by Sierra Ventures, Scale Venture Partners, IT-Farm, SBI, INCJ, Bill Tai, and Jerry Yang's AME Cloud Ventures, among others. For more information, visit www.treasuredata.com.
SOURCE Treasure Data