Datameer Rakes in Funding
January 9, 2014
Right now, Datameer is happily positioned at the intersection of preparation and opportunity, we learn from “Datameer Picks Up $19M to Help Companies Do Analytics Along with Hadoop” at VentureBeat. The use of Hadoop has been soaring, and Datameer is perfectly poised to rise with it. As more companies implement the open-source database framework, Datameer is seeing more demand for its help making sense of it all. It doesn’t hurt that the data-analysis firm built its solutions with Hadoop in mind from the start—any IT professional knows that can mean the difference between headache-free implementation and long hours trying to force applications to play well together.
Investors have taken notice of Datameer’s advantages. Writer Jordan Novet relates:
“‘You’re actually seeing Datameer being purchased almost at the same time as Hadoop itself, at the same time as the distribution,’ Ben Fu, a partner at Next World Capital, said in an interview with VentureBeat. Next World led the latest round of funding for the company, bringing its total funding to $36.8 million. Datameer’s large contracts from customers such as British Telecom, Sears, and Visa, also made the company interesting, Fu said….
Next World Capital’s Fu is joining Datameer’s board. Alongside Next World, Kleiner Perkins Caufield & Byers and Redpoint Ventures also joined the round. The new money will provide Datameer with the firepower to sign up new customers, especially in Europe, where Next World has a program to put startups in touch with executives at enterprises from around the continent.”
Novet notes the funding can also allow Datameer to take advantage of further Hadoop advances, as well as respond to competition. Datameer was begun in 2009 by some of the original Hadoop contributors. Headquartered in San Mateo, California, the company also has offices in New York City and in Halle, Germany. In related and possibly helpful news, Datameer is hiring for several positions as of this writing.
Cynthia Murrell, January 09, 2014
Sponsored by ArnoldIT.com, developer of Augmentext
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