Mobile Friendly Analytics Firm Pulls in $17 Million in Funding
As the e-commerce market continues to expand and companies are competing in multiple sectors it has become increasingly important for them to accurately analyze their data.
Through this need many big data and analytics companies have sprouted up to help companies quell their data woes.
Zoomdata, a big data visualization and analytics platform, has announced $17 million in Series B funding round led by Accel Partners.
With the latest round of funding, Zoomdata plans to expand its sales and marketing teams as well as accelerate innovation in product development. The big data platform works by analyzing real-time as well as historical data to provide users with a constantly updating response to their query. Also, companies that employ Zoomdata can leverage the platform on any device due to its mobile friendly HTML5 structure.
"We are making it faster and easier to interact with big data through two key innovations: our patented micro-query technology, combined with our stream processing engine, allows Zoomdata to render big data into compelling visual views within seconds, tapping directly into both historical and real-time data across both legacy and modern datastores," said Justin Langseth, founder and CEO of Zoomdata.
Other investors in the Series B funding round included NEA, Columbus Nova Technology partners, Razor’s Edge Ventures and B7.