Operational intelligence platform startup NetSpring Data Inc. revealed today that it has raised $13 million in new funding.

Dell Technologies Capital led the Series A round with Khosla Ventures and Wipro Ventures also participating. Including the new funding, the company has raised $17.7 million to date, according to Crunchbase.

Founded in 2019, NetSpring offers a cloud application platform-as-a-service for quick, continuous actionable business insights from operational event data. The company has a vision to be a unified command center for all operational insights from data so that every enterprise can reach its peak operational agility with broader, deeper and more timely intelligence from data.

The problem NetSpring is attempting to solve is the explosion in data volumes caused by increased digitization, pervasive instrumentation of digital experiences, growth in the number of connected devices and automation. NetSpring said that in using its service, this kind of recently generated, raw, transaction-level data is immediately actionable, enabling enterprises to capitalize on this massive opportunity.

The service allows customers to measure, monitor, alert and act on streaming event data-in-motion and static reference data-at-rest. The benefits include continuous engagement with customers, optimized and personalized product experiences, dynamic supply-demand matching, operational efficiency of production facilities, more efficient financial and security risk management, and reliability of data operations.

Under the hood, NetSpring uses slice-and-dice, artificial intelligence and machine learning-augmented root cause analysis to make a rapid diagnosis of issues, cutting across external-facing applications and internal infrastructure.

Relatively young at just over two years old, Netspring already counts Fortune 500 companies among its customers.

“Enterprises are faced with unique technical challenges related to the ease of modeling complex event flows and dimensional analyses and the efficiency of analytical computations that cut across high-velocity, high-volume event streams and PB-scale static data,” Priyendra Deshwal, co-founder and chief technology officer of NetSpring, said in a statement. He added that the company’s “cutting-edge computational and analytical system holds the power to revolutionize the data analytics industry.”

Image: NetSpring