Datameer Inc., an analytics startup whose software is used by the likes of Thomson Reuters Corp. and Deutsche Bank AG, today announced that it has bagged a $40 million funding round led by ST Telemedia.

The Singaporean fund also led Datameer’s previous $40 million raise back in 2015. It was joined by a number of other returning investors in this latest round including Redpoint Ventures, Kleiner Perkins, the venture capital arm of Citigroup Inc., Nextworld Capital and Top Tier Capital.

At the time of its previous capital raise in 2015, Datameer offered a business intelligence platform based on the Apache Hadoop analytics framework. The startup has since shifted its focus and now provides a tool called Datameer X that helps analytics teams prepare information for processing. The software enables users to collate records from multiple disparate sources, combine them into an integrated dataset and export that dataset to popular analytics tools.

Datameer Chief Executive Officer Christian Rodatus (pictured) told SiliconANGLE that part of the new funding will be used to expand the product’s capabilities. The startup plans to add more data science features, along with enhanced support for the Apache Spark analytics framework and software containers. 

The $40 million capital injection will also allow Datameer to ramp up go-to-market activities around Neebo, a new offering it announced in conjunction with the funding. Neebo is a cloud service that enables analysts to search for information assets centrally across their companies’ systems. It aggregates data, code, documents and applications in one place to reduce the amount of time it takes users to find the specific items they need for projects. 

Datameer has equipped Neebo with a number of more advanced features, too. The service lets analytics teams create curated datasets and reuse them across projects, as well as run queries on the source systems in which the information is kept.

Rodatus said this combination of features sets the offering apart from other data catalog tools. “In order to recreate Neebo’s capabilities, a customer would need to stitch a couple of different products together,” he explained.

The CEO provided a detailed overview of how Datameer is approaching the analytics market in an interview on SiliconANGLE’s theCUBE mobile studio last year:

Photo: SiliconANGLE