Arcadia Data lands $15M Series B funding round to grow its visual analytics platform
Arcadia Data Inc., maker of a business intelligence platform that uses visualizations to make data analysis easier to understand, today said it has closed on a $15 million round of funding.
The Series B round, led by Pelion Venture Partners with participation from existing investors Intel Capital, Mayfield Fund and Blumberg Capital, brings Arcadia Data’s total funding to date to $27 million.
Arcadia Data’s business intelligence platform works directly on unstructured and semistructured data that’s stored in massive “data lakes,” which are centralized repositories of data stored in their original format. The software combines the necessary facilities for reading and transforming data with an extensive set of visualizations delivered via the browser. The company said its approach can all but eliminate the need for extract tables and data transformation, enabling business users to get directly to information in their data lakes quickly and with minimal overhead.
The end result is that pretty much anyone at a company can use Arcadia Data to generate insights from the organization’s data.
Arcadia Data’s platform capabilities are constantly evolving, too. In March, the company added a new feature called Instant Visuals, which uses machine learning to recommend the best representation of live data along with side-by-side comparisons of visuals. Recommendations are based on standard best practices for visualizations and the machine learning adjusts for different use scenarios.
In addition, the company added visual analytics features for the Apache Kafka stream-processing software the following month. And just last month, Arcadia Data introduced a new Googlelike search tool to its platform that makes it easier to query datasets and generate quick insights in the form of easy-to-understand data visualizations.
The new features seem to have been well-received, with the company claiming eightfold growth in the last 24 months. It also boasts of big-ticket customers such as Cisco Systems Inc., Hewlett-Packard Enterprise Co., Citibank and Turner Broadcasting System Inc.
Arcadia Data said the new funds will support its global organizational expansion and go-to-market strategies and fuel further product innovation.
Image: Arcadia Data
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