Treasure Data Closes $15M In Series B Funding For Fully Managed, Cloud-Based Big Data Platform

This week, Treasure Data announced the finalization of $15M in Series B funding led by Scale Venture Partners. The funding will be used to accelerate the expansion of Treasure Data’s proprietary, cloud-based platform for acquiring, storing and analyzing massive amounts of data for use cases that span industries such as gaming, the internet of things and digital media. Treasure Data’s Big Data platform specializes in acquiring and processing streaming big data sets that are subsequently stored in its cloud-based infrastructure. Notable about the Treasure Data platform is that it offers customers a fully managed solution for storing streaming big data that can ingest billions of records per day, in a non-HDFS (Hadoop) format. Current customers include Equifax, Pebble, GREE, Wish.com and Pioneer, the last of which leverages the Treasure Data platform for automobile-related telematics use cases. In addition to Scale Venture Partners, all existing board members and their associated funds participated in the Series B capital raise, including Jerry Yang’s AME Venture Fund.

Advertisements