Darameer Secures $19 Million in Series D

Datameer, Inc., in self-service big data analytics for Hadoop, announced the completion of a $19 million Series D round.

Investors include Workday, Citi Venturesventures, and Software AG, and the round was led by Next World Capital (NWC), an international, expansion-stage venture capital firm headquartered in San Francisco, CA, with a strong presence in Europe. Existing investors from Silicon Valley funds Kleiner Perkins Caufield & Byers and Redpoint Ventures also participated.

This investment allows Datameer to meet enterprise demand for Datameer’s big data analytics application plus fuel the company’s expansion into international markets.

Datameer also announced that NWC partner Ben Fu will join the company’s board.

“Datameer is unquestionably leading the massive shift to next-generation BI as enterprises re-platform their data warehouses to include Hadoop-based architectures,” said Fu. “Datameer has a highly differentiated analytics solution and the only one of its kind to run natively on Hadoop. We are eager to see Datameer penetrate new markets around the world with the help of our unique European Advisory Network.”

In the past year, Datameer has nearly tripled in size and now counts more than 130 brands from every major vertical as customers, including British Telecommunications, Cardinal Health, CDW, Sears, and Visa, among others.

Decreasing the time it takes to get insight from data over traditional business intelligence systems, Datameer’s self-service application for big data analytics on Hadoop empowers business users in any industry to integrate, analyze and visualize big data with a single tool.

“Datameer is the fastest growing Business Intelligence company in the big data market, and given the company’s deep and broad customer base, we expect the company to continue to grow several hundred% per year,” said John Walecka, partner, Redpoint Venture Capital.

“Companies need better insights from their data to make critical business decisions, and Datameer’s native Hadoop platform delivers an innovative approach to solve this challenge,” said Dan Beck, VP, financial management and analytics products, Workday. “Datameer has quickly established itself as a market leader, and we are excited to support its expansion and continued growth.”

“This funding is entirely about allowing us to meet the nonstop global demand for our product. Across every industry, companies are moving past Hadoop science projects and realizing they need a proven big data analytics tool that finally frees them from schemas and ETL,” said Stefan Groschupf, CEO, Datameer.