Recruits top gross sales and advertising and marketing execs from New Relic, Atlassian; fortifies advisory board with addition of Digital Ocean co-founder
SAN FRANCISCO–(BUSINESS WIRE)–September 20, 2017–
Panoply at the moment announced it has expanded its Sequence A funding to a complete of $13 million. The newest to affix the spherical is C5 Capital with a $5M infusion. The agency joined the corporate’s present traders Intel Capital, Blumberg Capital and 500 Startups. The extra funds underscore persevering with investor confidence within the Panoply Good Knowledge Warehouse™ benefitting information engineers, information analysts/scientists and enterprise finish users.
The brand new funds help aggressive acceleration of gross sales, advertising and marketing and product roadmap development for the corporate’s ETL-less sensible information warehouse that expedites the journey of migrating uncooked information to analytics utilizing machine studying and pure language processing. The extra funding will permit Panoply to execute methods to fulfill and exceed the calls for of at the moment’s massive information revolution, together with expanding the engineering team at an exponential price to scale with buyer demand
“Panoply has one of the most advanced and transformative platforms in the big data segment,” stated Marcos Battisti, managing companion at C5 Capital. “The company’s state-of-the-art platform positions Panoply to take advantage of the growing demand for evolving data solutions that reduce development time and are adaptive to business requirements and scalability needs.”
Panoply sits on the one level of convergence between machine studying and conventional information management and storage applied sciences. The corporate’s capability to automate information warehouses and information lakes permits enterprises to deal with enterprise issues with out having to speculate monumental quantities of time and capital on costly DevOps assets historically required for information management. The Panoply Good Knowledge Warehouse leverages pure language processing, machine studying question optimization and automatic elastic storage and CPU scaling to speed up and simplify the whole information journey.
- With greater than 20 years of experience exceeding progress expectations, Canon most not too long ago served as head of enterprise gross sales at New Relic, along with vp of worldwide gross sales roles at Sauce Labs and BigPanda.
- Friesen beforehand served as vp of promoting for Algolia and head of promoting for Atlassian earlier than becoming a member of Panoply. He has extra experience with Intel and with two of his personal product advertising and marketing firms.
“While speed and cost remain pivotal to the 40-year evolution in data warehousing technologies, automated self-optimizing technology is the major advancement organizations must consider to remain competitive in any market,” stated Yaniv Leven, chief govt officer, Panoply. “Michael’s and Paul’s market knowledge and leadership, coupled with the additional funding, guarantees Panoply’s technology reaches any company looking for greater user access to real-time data insights.”
Panoply additionally welcomed Moisey Uretsky, co-founder and chief product officer at Digital Ocean to the corporate’s advisory board. Accountable for driving product vision at DigitalOcean, the world’s second largest and quickest rising cloud computing platform, Uretsky’s laser deal with simplifying internet infrastructure and constructing a product that builders love is completely aligned with Panoply’s mission, applied sciences and markets.
Panoply is the world’s only ETL-less Good Knowledge Warehouse. Constructed for the cloud, Panoply delivers the trade’s quickest time to insights by eliminating the development and coding usually related to remodeling, integrating, and managing massive information. Panoply’s proprietary machine studying and pure language processing algorithms mechanically enrich, rework and optimize massive information, making it easy to realize actionable insights. The corporate, based mostly in San Francisco and Tel Aviv, is privately held and funded by traders comparable to Intel Capital, 500 Startups, Blumberg Capital, and C5 Capital. For extra data and a listing of profession alternatives, please visit http://www.panoply.io, or on Twitter, Facebook, or LinkedIn.
Panoply Good Knowledge Warehouse is a trademark of Panoply Applied sciences, Inc.
Marianne Dempsey, 1-508-475-0025