Imanis Data Raises $13.5 Million
Named John Mracek as new CEO replacing Nitin Donde now COO.
This is a Press Release edited by StorageNewsletter.com on March 5, 2018 at 2:32 pmImanis Data, Inc., the creator of a machine learning-based data management platform that includes cloud migration and backup/recovery tools for modern data platforms, raised $13.5 million in capital.
It also named John Mracek as its new CEO.
The company will leverage the funding and executive talent to capitalize on the demand the firm is seeing for its suite of data management solutions and strengthen relationships with major cloud players.
Participants in the round include existing investors Canaan Partners, ONSET Ventures, Intel Capital, and Wipro Ventures, as well as new investor Asset Plus Capital.
Former Imanis Data CEO Nitin Donde will continue with the company as COO, where he will lead product and technology.
Organizations are increasingly adopting hybrid strategies to deploy modern platforms, such as NoSQL databases, Hive and HBase, on-premises and in the cloud. Mission-critical applications on these platforms are exposed to data loss, ransomware attacks and personally identifiable information (PII) exposure that can cost companies millions of dollars. Ensuring that data is protected, archived, and made available to application developers is essential.
The company simplifies data management. Its solution enables migration from on-premises data platforms to the cloud; protects data in the event of a ransomware attack, accidental deletion, or corruption; copies production data for testing and development without creating data security risks; and archives data for long-term retention to ensure BC.
“With the proliferation of modern big data platforms, organizations are struggling with basic data management needs for these platforms and are looking for solutions. The recent acquisition of Datos IO by Rubrik is evidence of this expanding market segment. Imanis Data is the best solution on the market and is trusted by leading Fortune 500 companies from the finance, retail and healthcare industries. I’m excited to join Imanis Data and take the business through its next phase of growth,” said Mracek.
An industry veteran, he brings executive leadership experience in big data, machine learning, advertising technology and enterprise software. Previously, he was CEO of NetSeer, Inc., a machine learning-based advertising technology company where he experienced the challenges and opportunities of managing modern data in real time on a massive big data scale. While there, he grew the venture-backed company from pre-revenue through the company’s sale in 2017. He has also held leadership roles at AdKnowledge, eBay, Yahoo!, Adobe and Apple, as well as other start-ups.
“Imanis Data was just too good of an investing opportunity to pass up – the right product, at the right time with the right team in place to execute on the tremendous potential,” said Niles Ho, managing partner, Asset Plus Capital.
“We’re thrilled to add John to the Imanis Data leadership team to continue the company’s explosive growth trajectory,” said board member Deepak Kamra, general partner, Canaan. “He has a proven track record of success and deep expertise scaling companies, so we’re looking forward to seeing the great strides the company will make.“
Comments
Profile of the start-up
Company
Imanis Data, Inc. (formerly Talena)
HQs
San Jose, CA
Date founded
2013
Financial funding
$13.5 million just received from Asset Plus Capital, Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures that also invested $2.05 million at the end of 2016 taking the total investment to $4.05 million giving Wipro a minority stake of less than 20% on a fully diluted basis. According to crunchbase, total funding amounts $16.1 million and total funding amounts $16.1 million after 3 rounds.
Revenue and profitability
Company just said it's growing rapidly.
Main executives
CEO John Mracek: He is creator of a machine learning-based data management platform that includes cloud migration and backup/recovery tools for modern data platforms. He spent the last 25 years driving enterprise technology innovation and brings executive experience in big data, machine learning, advertising technology and enterprise software. Prior to joining Imanis Data, he served as CEO of NetSeer, Inc., a machine learning-based advertising technology company, growing the company from pre-revenue through the company's sale in 2017. Prior to that, he was VP and GM of the distributed commerce advertising network of Shopping.com, a subsidiary of eBay. He also served as VP of advertiser product marketing at Yahoo!, entrepreneur in residence at Adobe Systems, and CEO of Covia, an Adobe-invested enterprise portal company. He was driving mainstream advertising adoption in the 1990s at AdKnowledge as president and CEO. He began his career authoring two successful video games for the Atari 2600 system, followed by seven years at Apple, where he was responsible for Macintosh OS product management and marketing.
COO Nitin Donde: He was he founder of Talena and is a seasoned executive with a track record of delivering enterprise products on diverse platforms. He has a range of experience leading engineering teams at both early stage start-ups and mature companies with multi-billion dollar revenues. Previously, he served as the VP of engineering at Aster Data Systems, Inc., Kazeon Systems, Inc., EMC and Intrasa, and also worked at 3par, and Tandem Computers.
Among the board's directors, there are Mark Davis, CEO of ClusterHQ, and among board's advisors Ajay Singh, SVP at VMware.
Number of employees
40
Technology
The machine learning-based data management platform is an intelligent software solution for cloud migration and backup/recovery for data platforms such as NoSQL databases: Cassandra, MongoDB and Couchbase, as well as Hive and HBase.
Product description
Organizations are increasingly adopting hybrid strategies to deploy modern platforms, such as NoSQL databases, Hive and HBase, on-premises and in the cloud. Mission critical applications on these platforms are exposed to data loss, ransomware attacks and personally identifiable information (PII) exposure, which can cost companies millions of dollars. Ensuring that data is protected, archived, and made available to application developers is equally important. However, traditional data management approaches are complex, resulting in inefficient use of resources, application downtime, or even permanent data loss. The product simplifies data management. The solution enables migration from on-premises data platforms to the cloud; protects data in the event of a ransomware attack, accidental deletion, or corruption; copies production data for testing and development without creating data security risks; and archives data for long-term retention to ensure BC.
Release date
1Q15
Partners
ACS, Amazon Web Services, BlueData, Cake Solutions, Cloudera, Couchbase, DataStax, HPE, Hortonworks, IBM Business Partner, Microsoft, Oracle Silver Partner, Rackspace, SHI, SoftwareONE, Technologent, Wipro, XIOSS, Xoriant
Customers
Include leading Fortune 500 businesses in the retail, financial services and travel industries
Applications
Backup and recovery, cloud migration, ransomware detection, test data management, DR, archiving
Target market
Large and medium enterprises with modern data applications in deployment
Competitor
Datos IO (acquired by Rubrik)
Subscribe to our free daily newsletter
