Datameer Raises $19M In Series D Funding For Its Big Data Analytics and Visualization Platform

Hadoop data analytics vendor Datameer recently announced the finalization of $19M in Series D funding. Datameer’s Series D funding raise is led by Next World Capital, with additional participation from existing investors and Workday, Citi Ventures, Software AG, Kleiner Perkins Caufield & Byers and Redpoint Ventures. Datameer specializes in analytics and data visualization on big datasets. Unlike many other business intelligence and reporting tools, Datameer’s platform is designed for Hadoop and consequently enjoys the benefits of indigenous optimization for Hadoop data integration, data management and analytics. The funding raise will be used to support the expansion of the company’s sales and operations teams to new markets and to support the continuation of its dramatic growth. Datameer is currently used by more 130 companies including Sears, Visa and British Telecom. The platform represents part of the evolving revolution in next generation business intelligence marked by increasingly advanced data visualization options, the ability to handle large, unstructured data sets and utilization of machine-based learning to simplify and streamline the user’s experience with the data in question. Today’s funding raise brings the total raised by Datameer to $36.8M. As part of the capital raise, Ben Fu, Partner at Next World Capital will join the Datameer Board of Directors.

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