SAN MATEO, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Arcadia Data, provider of the first visual analytics software native to Apache Hadoop® and the cloud, today announced it raised $15 million in a Series B funding round led by Pelion Venture Partners with participation from existing investors Intel Capital, Mayfield Fund, and Blumberg Capital. The round brings total equity raised to $27 million and reflects the sustained five-fold organizational growth and strong customer momentum the company has achieved. The funding will continue to support global organizational expansion, go-to-market strategies, and continue to fuel its laser-like focus on product innovation.
“At Arcadia Data, we recognize the market need for analytics and BI solutions that are native to big data,” said Sushil Thomas, CEO and co-founder, Arcadia Data. “Our impressive growth is not only a testament to the work we’ve done, but it is also a sign of growing demand for products like those Arcadia Data offers to bridge the gap between business users getting insights and value from big data. This investment allows us to continue along our exciting growth trajectory and to keep moving forward business innovations and our go-to-market strategy to leverage the opportunity in front of us.”
Investment Drives Best-in-Class Technology Innovation
Access to data and analytics is still a challenge for organizations that use traditional BI tools on modern data platforms. Even many of today’s BI and analytics tools require users to think in terms of data sets and fields when analyzing their data or rely on data scientists and analysts to generate insights. Arcadia Data has focused on developing and delivering technology to market that addresses these pain points by furthering the consumerization of data and analytics. Innovations as a result of this investment include:
“Arcadia Data has a unique and compelling vision for today’s data-driven analytics and BI market and the product reflects that vision,” said Chris Cooper, partner, Pelion Venture Partners. “It’s always exciting to find a company that is solving a complex and expensive problem in a simple and elegant way. The Arcadia Data team has a plan for future innovation and expansion that is aligned with where the big data and analytics market is headed and we look forward to seeing the company’s continued success as a result of its leading edge offerings and strategy.”
Arcadia Data Customers Cite Crucial Role of Analytics and BI Technology
With five of the top seven financial services companies among its customers and more than 2,500 companies using Arcadia Instant, Arcadia Data continues to exhibit the market-leading innovation that has resulted in 5x growth over the past 24 months. Customer traction to date shows the breadth of organizations that have demonstrated faith in the innovative offerings Arcadia Data provides. This investment is suggestive of a growing opportunity to reach organizations in a market demanding solutions to problems that do not require shoehorning legacy BI tools into modern data systems.
“In order to uphold the Commerzbank commitment to customer service, it is necessary that we establish rigorous data quality assurance benchmarks,” said Dr. Kerem Tomak, EVP, big data, advanced analytics, AI of Commerzbank. “With Arcadia Data, we are able to scale self-service analytics to hundreds of business users directly and securely within our data lake environment to streamline our data reporting and ultimately improve the way in which we align with the needs of our clients.”
“Twilio is a cloud communications platform that enables software developers to build powerful communication applications,” said Dave Burgess, senior director of data platform and data science, Twilio. “We are leveraging Arcadia Data for flexible real-time operational reporting and historical analytics of data at tremendous scale. Arcadia Data enables us to create Analytical Views of new and existing data on the fly, reducing the time to analysis. As a result, we can focus on developing products for our customers and driving growth.”
“Arcadia Data enables us to scale our leading unified marketing intelligence platform. With Arcadia Data, we’re able to service thousands of end users with hundreds of concurrent sessions to generate granular insights on large volumes of data, thereby driving better marketing decisions and improved customer experiences,” said Peter Burke, senior vice president, Engineering, Neustar.
“I’ve spent a lot of time on projects in the IoT analytics space and customer experience enhancements, and one thing that remains consistent is that these types of initiatives require immediate access to large, complex data sets,” said Siamak Nazari, CEO, Nebulon. “In my various roles, I’ve used Arcadia Data software and collaborated with the team there. They have been instrumental in my teams’ and my ability to use consistent, detailed data analysis to provide immediate business value.”
Additional customers include: Citibank, Cisco, HPE, Kaiser Permanente, Komatsu, NHL, Nokia, Nordea, Procter & Gamble, Turner Broadcasting, Pizza Hut, and the USDA.
Company Accolades Highlight Achievements
This year alone, Arcadia Data has been awarded a number of accolades for its technology and business innovation. Awards to date include:
Arcadia Data Partners Enable Rapid Growth
Partners play a crucial role in facilitating technology innovation and distribution. Arcadia Data partners offer their insight about their work with Arcadia Data, here.
About Arcadia Data
Arcadia Data provides the first visual analytics and BI platform native to big data that delivers the scale, performance, and agility business users need to discover and productionize real-time insights. Its flagship product, Arcadia Enterprise, was built from inception to run natively within big data platforms, in the cloud and/or on-premises, to streamline the self-service analytics process on data in Apache Hadoop®, Apache Spark®, Apache Kafka®, and Apache Solr®. It enables real-time, high-definition insights in use cases like data lakes, cybersecurity, connected IoT devices, and customer intelligence. Arcadia Enterprise is deployed by some of the world’s leading brands, including Procter & Gamble, Nokia, Royal Bank of Canada, Kaiser Permanente, HPE, and Neustar. To learn more, follow @ArcadiaData or visit www.arcadiadata.com.