Ahana Raises $2.25 Million Seed Funding Led by GV and Joins Linux Foundation's Presto Foundation

Ahana to focus on growing the Presto community to simplify ad-hoc analytics with PrestoDB federated SQL engine

SAN MATEO, Calif., June 02, 2020 (GLOBE NEWSWIRE) -- Ahana, the Presto-based analytics company, announced today it has raised $2.25 million in funding led by GV (formerly Google Ventures) along with participation from Leslie Ventures and other angel investors. Additionally, Ahana has joined the Linux Foundation’s Presto Foundation. Ahana will use the funding to expand its technical team and deliver Presto-based analytics products. Founded during the Coronavirus pandemic, Ahana is a remote from the start company.

Co-founded by Steven Mih (formerly Couchbase, Aviatrix, Alluxio) and Dipti Borkar (formerly IBM, Couchbase, Alluxio), Ahana brings together decades of cloud, open source, database and distributed systems experience to be the only commercial company focused on PrestoDB, the project hosted by the Linux Foundation’s Presto Foundation. Presto has become one of the fastest growing open source projects in the data analytics space since Facebook open sourced the technology in 2013.

“The data analytics market is evolving, as enterprises look for new opportunities to manage analytical data cost-effectively and at scale. There is a pronounced movement away from expensive, highly-structured data warehouses to ‘data lakes’ of raw data,” said Dave Munichiello, General Partner, GV. “We see an opportunity in companies who power simple and efficient analysis of this type of raw data and are drawn to Ahana’s vision that leverages the rapidly-growing Presto open source project.”

In 2019, Facebook donated the Presto project to the Linux Foundation to create the Presto Foundation along with founding members Uber, Twitter and Alibaba. Ahana has joined the Linux Foundation’s Presto Foundation as a premier member. Ahana plans to improve ease of use, documentation and foster growth of the community users of the PrestoDB GitHub repository. PrestoDB is the most popular Presto project based on GitHub stars as compared to forks of the project, like PrestoSQL. Only PrestoDB follows the Linux Foundation’s widely accepted approach to project governance and transparency.

“As two of our earliest members, Steven and Dipti have been strong supporters of the Presto Foundation since its launch in September 2019,” said Brian Hsieh, Head of Uber Open Source and Chairperson, Presto Foundation Governing Board. "It is our honor to welcome their new company, Ahana, to the Presto Foundation. We look forward to working together to advance our shared mission of building a collaborative, neutrally governed and open community to foster the growth of the PrestoDB ecosystem for users worldwide.”

Today's data-driven enterprises require technologies like Presto to enable faster insights into data. Presto is a widely adopted federated SQL engine for data platform teams to perform ad-hoc querying of data in place. As the Presto market continues to grow, Ahana's mission is to simplify ad-hoc analytics.

“Federated query engines simplify and unify data analytics on data anywhere. But of all the engines, Presto is the fastest for ad-hoc querying of data in-place and is highly extensible with its pluggable API,” said Dipti Borkar, Co-founder and Chief Product Officer, Ahana. “With data spread across many sources and in different formats, as well as the proliferation of a disaggregated compute and storage stack, the sacred data warehouse star schema is no longer in one place. Thus, a federated query engine will become the foundation of architecture to meet the needs of modern data teams.”

Supporting Quotes

“At Facebook, we believe open source accelerates the pace of innovation. By sharing our code, our stack, our designs, we’re hoping to provide the foundation for companies and individuals alike to scale and build great products. On the Facebook open source team, we sometimes spin-out projects to the community so that they can grow under a neutral governance structure, with Presto being the latest example of this. We’re thrilled to see that Ahana and other companies have the opportunity to use PrestoDB to build great products and businesses,” said Amit Chopra, Facebook’s representative on the Presto Foundation Board.

“The Linux Foundation is dedicated to building sustainable, governed, open source ecosystems to greatly benefit users globally, like what we have achieved with CNCF and the Kubernetes project. Presto Foundation was created to accelerate and foster the adoption of Presto, the original project donated by Facebook,” said Chris Aniszczyk, Vice President of Developer Relations, The Linux Foundation. “We are excited to welcome Ahana to the Presto Foundation. As the first and only company focused on supporting Presto of the Presto Foundation, we look forward to their continued contributions in building a thriving Presto community.”

“There is no doubt that the future of analytics is pre-ordained by the petabyte-scale data companies like Facebook, Uber, and Twitter, who all run large clusters of PrestoDB. As the first PrestoDB company focused on simplifying ad-hoc analytics, Ahana is poised to corner this new gigantic market,” said Mark Leslie, Managing Director of Leslie Ventures, and Ahana Advisor. 

“PrestoDB is exploding in popularity with users around the world. That, combined with Ahana’s vision of simplifying the ad-hoc analytics journey for users, is extremely promising,” said Bob Wiederhold, former Couchbase CEO and Ahana Advisor. “I look forward to working closely with the co-founders Steven Mih and Dipti Borkar as they rejoin the Presto Foundation and community. While various forks of the original PrestoDB project exist, only PrestoDB has true governance, transparency and vendor neutrality authenticated by the Presto Foundation, under the Linux Foundation.”

Supporting Resources

Tweet this: .@AhanaIO launches as only @prestodb company; Raises $2.25M from @GVTeam, Leslie Ventures; Joins @prestodb #opensource #analytics https://bit.ly/2MbL941

About Ahana

Ahana, the Presto-based analytics company, is the only company focused on unifying the PrestoDB community and bringing PrestoDB-focused ad-hoc analytics offerings to market. As the Presto market continues to grow exponentially, Ahana's mission is to simplify interactive analytics as well as foster growth and evangelize the PrestoDB community. Founded in 2020, Ahana is headquartered in San Mateo, CA and operates as an all-remote company. Investors include GV and Leslie Ventures. Follow Ahana on LinkedIn, Twitter and PrestoDB Slack.

Media Contact:
Beth Winkowski
Winkowski Public Relations, LLC