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Accel Partners leads series B investment as Zoomdata focuses on easy-to-use platform capable of analyzing billions of records in seconds, bridging old and new data management platforms
RESTON, Va., Oct. 6, 2014 /PRNewswire/ -- Zoomdata, developers of the world's fastest big data exploration, visualization and analytics platform, today announced the closing of a $17 million Series B funding round led by Accel Partners. Investors NEA, Columbus Nova Technology Partners, Razor's Edge Ventures and B7 also participated in the round. The company will invest in expanding its sales and marketing teams and accelerating innovation in product development.
"With the rapid adoption of modern Hadoop, NoSQL and Spark datastores, we saw an opportunity to disrupt the legacy market for enterprise and embedded reporting, dashboarding, and analytics with a powerful visual platform designed for the business user," said Justin Langseth, founder and CEO of Zoomdata. "We are making it faster and easier to interact with big data through two key innovations: our patented micro-query technology, combined with our stream processing engine, allows Zoomdata to render big data into compelling visual views within seconds, tapping directly into both historical and real-time data across both legacy and modern datastores."
Zoomdata's customers have also discovered the power of its micro-query architecture. Instead of waiting minutes or hours for a query to run to completion, Zoomdata uses unique data sharpening technology to provide an instant approximated sketch of the results. Then it continuously updates the visualization through stream processing of additional micro-query results until the data fully sharpens. Because Zoomdata has a stream processing engine at its core, it can also seamlessly analyze real-time as well as historical data. And due to Zoomdata's modern HTML5 and touch-first interface, users can explore billions of records in seconds not only through web browsers, but also via mobile smartphone and tablet touch devices.
"We have not seen a technology as potentially disruptive as Zoomdata's in this space," said Jake Flomenberg, general partner at Accel Partners. "We quickly realized that the Zoomdata team is going to revolutionize the speed and ease of how users consume and interact with data. They have taken a fresh approach to the traditional query-response model that gives users access to their legacy data assets and their new big data investments."
Zoomdata began shipping its product in February of 2013 and already boasts more than 20 enterprise customers. Customers are benefiting from Zoomdata's speed in a variety of use cases. A global pharmaceutical company found that deploying Zoomdata cut their query times across billions of records fromhours to seconds.
As an embedded engine in internal applications, Zoomdata also excels. One of the world's largest accounting firms gives its customers real-time access to interact and explore the latest retail pricing trends from a MongoDB datastore. A mobile phone analytics startup relies on Zoomdata to track billions of records in real-time for advertising firms with drill-down visualizations to the street and store level.
Zoomdata also gives developers access to a JavaScript SDK in which they can quickly and easily build a private-labeled experience that leverages big data (www.zoomdata.com/demo). Zoomdata is regularly expanding its list of connectors, including a new connector to Apache Spark, as well as increasing the number of pre-loaded visualizations. Customers can write their own connectors, as well.
"We're pleased to have an ecosystem of partners like Zoomdata who can show our customers how to extract the most value possible from their business information," said Mike Olson, Chief Strategy Officer at Cloudera. "Zoomdata's Cloudera Impala, Cloudera Search, and Spark connectors help our customers quickly connect and visualize their data, and certainly speed is something almost all customers value highly as they seek competitive advantages in their own industries."
