October 07, 2014

Wheelings & Dealings: Zoomdata Secures $17M in Series B Funding Round

Zoomdata has announced that it has secured $17 million in funding to continue building what it says is the world’s fastest data exploration, visualization and analytics platform.

The company secured the money in a round of Series B funding led by Accel Partners (NewsAlert). Other investors included NEA, Columbus Nova Technology Partners, Razor's Edge Ventures and B7.

 "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,” Justin Langseth, founder and CEO of Zoomdata, said.

Langseth credited the rise of database tools like Hadoop, NoSQL and Spark with allowing them to disrupt the legacy data reporting, analytics and dashboard markets.

Zoomdata aims to offer faster queries using what it calls “data sharpening” and delivering results in a more pleasing visual style than with other solutions. It displays results in HTML5. Zoomdata is also designed for touch screens in mind, including mobile devices like the iPad. The company claims to cut queries that used to take hours on legacy systems down to seconds.

The company’s offering has already impressed investors like Accel since shipping in February of last year.

"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."

The company also offers tools to embed its solution into other major applications with a JavaScript SDK.

Edited by Maurice Nagle


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