Yellowbrick Data Nabs C1 Funding Round Worth $75 Million
Yellowbrick Data recently announced that it raised $75 million in Series C1 funding to grow its presence in modern data warehousing. The new raise sees Yellowbrick Data add three new investors as the vendor continues to add customers in a variety of industries. Yellowbrick Data is also on track to more than double its ending ARR business with this year’s bookings while seeing strong customer retention numbers. The company was recently named an Outperformer in the 2021 GigOm Radar Report for Data Warehouses.
Yellowbrick Data offers a data warehouse for distributed clouds that lets customers deploy in private data centers, public clouds, and the network edge. It touts a modern, MPP analytic database designed for demanding batch, real-time, interactive and mixed workloads. Yellowbrick continuously implements the latest advances in software and hardware protocols and combines them with smart thinking about database architecture. As a result, Yellowbrick’s data warehouse is quickly provisioned and easy-to-use regardless of where it is deployed.
The Yellowbrick Data funding news comes on the heels of the company’s launch of Yellowbrick Manager in April. The company also unveiled its new Andromeda optimized instance for customers with data sovereignty or high-performance requirements. Yellowbrick added more agile data movement features to help users more integrate with data lakes built on cloud object stores as well.
In a media statement on the news, Yellowbrick Data CEO Neil Carson said: “Data is becoming more distributed at the very moment when real-time analytics are business-critical. Yellowbrick’s compelling vision for bringing data warehousing to a distributed cloud architecture shows an understanding of where the market is heading. Rapidly delivering on that cloud vision puts Yellowbrick in a league of its own when it comes to knowing data analytics must be as flexible as possible to meet business needs.”
Read Announcing Our C1 Round in the Yellowbrick Data blog to learn more.