{"id":4010,"date":"2018-09-05T10:30:51","date_gmt":"2018-09-05T14:30:51","guid":{"rendered":"https:\/\/solutionsreview.com\/business-intelligence\/?p=4010"},"modified":"2018-09-05T10:40:03","modified_gmt":"2018-09-05T14:40:03","slug":"top-7-data-and-analytics-vendor-funding-rounds-of-2018-so-far","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/business-intelligence\/top-7-data-and-analytics-vendor-funding-rounds-of-2018-so-far\/","title":{"rendered":"Top 7 Data and Analytics Vendor Funding Rounds of 2018 (So Far)"},"content":{"rendered":"

\"Top<\/p>\n

Big data is big business, and the marketplace for data analytics software is gushing with innovative options to make use of information assets. Proliferation in data analysis has seen a vibrant technology landscape grow even brighter, with lots of interest from outside firms to get in on the action. With billions invested and trillions in valuation, big data providers are beginning to emerge as some of the fastest-growing companies on the planet. These 7 data and analytics solution providers have cashed in, and represent the largest funding rounds of\u00a0the year to date.<\/p>\n

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Snowflake ($263M, January)<\/strong><\/h4>\n

Snowflake’s January round<\/a> was led by ICONIQ Capital, Altimeter Capital, and Sequoia Capital. Snowflake\u2019s newest financial injection came on the heels of its\u00a0D round<\/a> in April 2017. Since its founding in 2012, Snowflake has raised a total of $473 million.\u00a0Much of the company\u2019s growth is tied to its popular cloud data warehouse. However, the solution provider has also dipped its toes into the expansive data analytics space in recent years, providing enterprise companies with access to mission-critical data.<\/p>\n

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Trifacta ($48M, February)<\/strong><\/h4>\n

Trifacta’s February investment was worth $48 million<\/a>.\u00a0Since its founding in 2012, the company has raised more than $124 million.\u00a0Trifacta allows users to do data preparation without having to manually write code or use mapping-based systems.\u00a0The top analyst houses regard Trifacta as a leading provider of data preparation software. Solutions Review also included Trifacta as a Data Preparation Tools Vendor to Watch in 2018<\/a><\/em>, an analysis of emerging solution providers in the BI and data analytics marketplace.<\/p>\n

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ClearStory Data ($15M, March)<\/strong><\/h4>\n

This Series C round<\/a> came on the heels of Clearstory Data\u2018s July 2016 round worth $10.5 million, and brings the company\u2019s total funding earned to more than $65 million since its founding in 2011.\u00a0ClearStory Data\u2018s flagship product offers ways for organizations to discover, prepare, and blend data from structured and unstructured sources. ClearStory\u2019s Data Inference tool automates the data preparation process for any data source by inferring semantics in business data, reading values, and automating transformations. The platform\u2019s Intelligent Data Harmonization capabilities automatically produce visually blended insights by identifying relationships across dimensions in data.<\/p>\n

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ThoughtSpot ($145M, May)<\/strong><\/h4>\n

ThoughtSpot’s May funding round<\/a>, which featured both new and existing partners, has allowed the company to expand in the EMEA and APAC and continue to invest in its search-driven BI and analytics tools. This funding round brings ThoughtSpot\u2019s total amount earned to $306 million since its founding in 2012.\u00a0ThoughtSpot offers an artificial intelligence-driven analytics platform that features what the company dubs \u2018the world\u2019s first\u2019 relational search engine. The tool combines relational search with a custom-built, in-memory relational data cache to speed up queries that are run over many lines of data. The tool connects with any on-prem, cloud, big data, or desktop data source.<\/p>\n

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MemSQL ($30M, May)<\/strong><\/h4>\n

MeMSQL secured $30 million in new investment capital<\/a> in May.\u00a0The Series D round, which included new and existing investors, brings the company’s total amount of funding earned to $110 million since being founded in 2011. MemSQL plans to use the injection to invest in its engineering, support, customer management and operation teams.\u00a0MemSQL\u00a0offers a real-time data warehouse that ingests data continuously to perform analytics. The tool can ingest and transform millions of events per day while also analyzing billions of rows of data using standard SQL. MemSQL can be deployed on-prem, in the cloud via Amazon Web Services or Microsoft Azure, or as a service including drop-in compatibility with existing middleware, integration, and BI software.<\/p>\n

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Tamr ($18M, July)<\/strong><\/h4>\n

Tamr’s\u00a0series B funding<\/a>\u00a0came on the heels of the its May 2017 venture round<\/a> from GE Ventures. The financing brings Tamr\u2019s total raised to nearly $60 million since its founding in 2012. Tamr has had an excellent year as organizations are increasingly making data management a top priority.\u00a0Tamr\u2019s product portfolio is based on the company\u2019s enterprise data unification platform. The technology was originally invented by Dr. Michael Stonebraker and his colleagues who published their research about the Data Tamer System for handling large-scale data curation in 2013.<\/p>\n

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Domino Data ($40M, August)<\/strong><\/h4>\n

Led by previous investor Sequoia Capital, the round<\/a> brings Domino’s total amount raised to $80.6 million since its founding in 2013. The funding will help Domino continue to innovate in the data science platform marketplace<\/a>, expand its reach, and deepen partnerships like those it has already with SAS and Amazon Web Services.\u00a0Domino Data Lab is an enterprise data science platform that allows data scientists to build and run predictive models. Its product helps organizations with the development and delivery of these models via infrastructure automation and collaboration.<\/p>\n

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\"Insight<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Big data is big business, and the marketplace for data analytics software is gushing with innovative options to make use of information assets. Proliferation in data analysis has seen a vibrant technology landscape grow even brighter, with lots of interest from outside firms to get in on the action. With billions invested and trillions in […]<\/p>\n","protected":false},"author":23,"featured_media":4011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[280,615,326,771,568,371,574],"acf":[],"yoast_head":"\nTop 7 Data and Analytics Vendor Funding Rounds of 2018 (So Far)<\/title>\n<meta name=\"description\" content=\"Big data is big business, and these data and analytics vendor funding rounds are the most interesting of the year to date.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/business-intelligence\/top-7-data-and-analytics-vendor-funding-rounds-of-2018-so-far\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim King\" \/>\n\t<meta name=\"twitter:label2\" 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