Incorta is raising $120 million in Series D funding, bringing the company’s total raised to $195 million since its founding in 2013. Announced via a press release on the company’s website, the capital injection included participation from new and existing investors and will be used to expand go-to-market operations and to meet demand for the firm’s unified data analytics platform. Incorta released a mobile version of its product back in May.
Incorta is a data platform that speeds up data ingestion and provides hastened join performance. The vendor has dubbed its product as ‘The Industry’s First No-ETL Data Warehouse.’ Incorta features a Direct Data Mapping engine which provides real-time aggregation of complex business data without needing a data warehouse. Users can drill from top line, aggregated KPIs to supporting transaction records with one click. Incorta also enables you to drill anywhere with user-defined drill paths and hierarchies.
Dubbed one of four 2021 Cool Vendors in Data Analytics and Data Science in May, Incorta already has strategic partnerships with Microsoft Azure, Google Cloud, eCapital and Tableau.
In a media statement on the news, Incorta CEO Scott Jones said: “After hitting a major inflection point in 2020, Incorta is now scaling fast to meet global demand for modern data analytics in the cloud. This funding enables us to scale up while staying true to Incorta’s DNA and maintaining our best-in-class innovation, quality and customer obsession. We are also thrilled to welcome Prysm and National Grid to the Incorta family, joining our already world-class investors.”
Read Breakout Moment: As Global Demand for Unified Data Analytics Soars, Incorta is Flying High with $120M in Series-D Funding in the company’s blog to learn more.
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