11.8 C
New York
Wednesday, December 2, 2020
Home Trends Data warehouse startup Yellowbrick Data raises $48 million

Data warehouse startup Yellowbrick Data raises $48 million

Palo Alto-based data warehouse startup Yellowbrick Data has raised $48 million in a series B round of funding led by Siemens’ VC firm Next47, with participation from DFJ and other existing investors, including GV, Menlo Ventures, Samsung Ventures, and Third Point Ventures.

Founded in 2014, Yellowbrick Data emerged from stealth back in July with $44 million in funding from some of the aforementioned big-name investors, including Alphabet’s GV.

As with other data warehousing technologies, Yellowbrick Data’s platform serves as a repository for holding and querying data. It basically helps companies make sense of their wealth of data and spot patterns and trends.

There are numerous data warehousing platforms out there already, of course, including Microsoft’s SQL Data Warehouse, Google’s BigQuery, and Amazon Redshift, but a handful of players have emerged to disrupt the $20 billion-plus data warehousing market.

Big business

Last week, data analytics startup Incorta, which offers data warehousing as part of its platform, raised $15 million from Microsoft’s M12 and Telstra Ventures, though it has previously also raised cash from GV.

A few weeks back, San Mateo-based Snowflake Computing, which is a similar proposition, raised $450 million at a $3.5 billion valuation. Snowflake focuses more on the public cloud, with support for AWS and Azure, while Yellowbrick Data — for the time being, at least — is primarily aimed at on-premises datacenters and private or hybrid clouds. Yellowbrick Data has previously indicated that it plans to add public clouds to the mix in future.

Yellowbrick Data has now raised a total of $92 million and said it plans to accelerate adoption of its data analytics platform for the hybrid cloud.

Source: VentureBeat

To Read Our Daily News Updates, Please Visit Inventiva Or Subscribe Our Newsletter & Push.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Key route closed as farmers gather at Delhi-Noida border

Hundreds of farmers protesting the new farm laws gathered at a Noida-Delhi border point on Tuesday, stopping traffic movement on a key route connecting...

Ramdev bats for Centre’s new farm laws

Yoga guru Ramdev on Tuesday came out in support of the Centre's new farm laws being stiffly opposed by the farmers, but said the...

Traffic woes continue in Delhi amid farmers’ protest

Serpentine queues of vehicles clogged many roads leading to Haryana and Uttar Pradesh on Tuesday as the Delhi Police kept the Singhu, Tikri and...

Visa Applications For This Country Are Now Open Under The “Flexible, Effective & Simple ” Points-Based System

The United Kingdom's new visa and immigration system based on the points system after Brexit has been described as " effective, simple and flexible"...

Recent Comments

%d bloggers like this: