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Data Virtualization Startup Varada Nabs Series A Funding Worth $12M

Data Virtualization Startup Varada Nabs Series A Funding Worth $12M
Data Virtualization Startup Varada Nabs Series A Funding Worth $12M

Source: Varada

Data virtualization startup Varada has secured $12 million in Series A funding, according to a press release on Business Wire. The funding round included participation from new and existing investors, and brings the company’s total earned to $19.5 million after its $7.5 million-dollar seed round in 2019. The funding comes as Varada prepares to launch its data virtualization platform, a product that will “establish a new standard for accelerating big data workloads” according to the company.

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Varada enables data architects to hasten and optimize workloads via dynamic analysis and adaptive indexing. This technology ensures that queries will run at interactive response time. The platform then automatically analyzes and detects which datasets to accelerate, and then applies the optimal index. Varada transforms data into operational data in real-time, and enables queries to run on any column at its source granularity. Included machine learning optimization tools continuously track cluster performance as well.

Current data virtualization products are “hamstrung by scaling limitations” according to Varada, and this is the main pain point the vendor is looking to solve. The company adds: “As the global big data market shifts to data lake based solutions, Varada is building a platform to revolutionize data virtualization by offering an agile, “zero data-ops” solution that gives the organization full visibility and control while serving a wider range of workloads including those that are latency-sensitive.”

In a media statement about the news, Varada CEO Eran Vanounou said: “Varada is solving the biggest headaches of data infrastructure teams while giving business units the tools to quickly and cost effectively turn their priceless data assets into value for customers. The platform we’re building enables revolutionary ease-of-use, fast time-to-market and cost control. This round of Series A funding will accelerate the progress of our solution and allow us to quickly scale our plans to deliver the new standard for data virtualization.”

Learn more about the Varada Data Virtualization Platform.

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