DataTorrent Closes $15M In Series B Funding For Big Data Processing And Analytics Platform

DataTorrent today announces the finalization of $15M in Series B funding. The funding round is led by Singtel Innov8, with additional participation from GE Ventures and Series A investors August Capital, AME Cloud Ventures and Morado Venture Partners. DataTorrent’s platform provides an infrastructure for processing, storing and running analytics on streaming big data sets. The platform can ingest and analyze massive amounts of data by using over 75 connectors as well as 400 Java operators that allow data scientists to perform advanced analytics on multiple datasets in parallel. DataTorrent differentiates itself architecturally by performing in-memory processing that runs directly on Hadoop without the overhead that results from scheduled batches of Hadoop data for processing. The platform boasts massive scalability at sub-second latency while maintaining the capability to process batch and streaming datasets alike. Use cases for DataTorrent include internet of things analytics as well as web-analytics that push the limits of the platform’s ability to scale and ingest massive amounts of data. Today’s capital raise brings the total funding raised by DataTorrent to $23.8M. Building on its recent distinction as a Gartner Cool Vendor, DataTorrent stands to consolidate its early traction in the heavily contested Big Data analytics space with today’s infusion of capital and the guidance brought to its team by Innov8 Managing Director Jeff Karras, who joins DataTorrent’s board of directors as a result of the finalization of the Series B funding round.

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