Arcadia Data Nabs Series B Funding Amidst Record Growth
San Mateo-based Arcadia Data has closed on new funding to the tune of $15 million. The Series B round brings the company’s total to $26.5 million since its founding in 2012. Arcadia will use the capital to expand globally, as well as invest in new go-to-market strategies and product innovation. The round was led by Pelion Venture Partners, but also included participation from existing investors.
Arcadia Data offers a visual analytics and business intelligence product that runs natively within modern data platforms such as Apache Hadoop and the cloud. The company’s flagship tool, Arcadia Enterprise, is purpose-built to analyze large volumes of data without moving it in order to fill the gap between self-service BI and advanced analytics for emerging use cases. Arcadia Smart Acceleration allows organizations to support hundreds to thousands of concurrent users as well.
In a statement to Solutions Review, the company’s CEO Sushil Thomas said: “The exciting growth of Arcadia Data highlights the work we’ve done as a company. Our positive trajectory also emphasizes the quickly-growing need for products like those which Arcadia Data provides, which enable business users to quickly generate insights and value from big data. This investment will help us maintain continued growth, and advance our business innovations and go-to-market strategy to fully tap into the market opportunity on the horizon.”
Arcadia Data has grown 500 percent in the last two years, and touts more than 2,500 customers using Arcadia Instant. The company has also garnered praise from researchers and technology analysts in recent months, including the 2018 Datanami Readers’ & Editors’ Choice Awards, Database Trends and Applications Big Data 50, CRN’s Emerging Vendors 2018, and Solutions Reviews 5 Business Intelligence and Data Analytics Vendors to Watch in 2018 back in December.