Infoworks secures $15M Series B funding
Enterprises need next-generation data warehouses to harness the power of Big Data. But the legacy solutions they depend on do not scale cost-effectively, and are unable to address the requirements of both structured and unstructured data. To date, efforts to build data warehouses on Hadoop have required extensive custom development, a significant investment in time and capital, and have largely failed to meet enterprise requirements.
ZingPR client Infoworks offers the market’s first and only fully automated, end-to-end data warehousing solution on Hadoop, enabling enterprises to create and manage large-scale solutions to support their rapidly growing portfolios of high-performance, highly concurrent analytics use cases.
Today, Infoworks announced that it has closed $15 million in a Series B financing. The company will use the financing to scale go-to-market and customer success programs to meet customer demand. Centerview Capital Technology led the round with participation by existing investor Nexus Venture Partners. Ned Hooper of Centerview Capital Technology joins Buno Pati, Naren Gupta and Amar Arsikere on the Infoworks board of directors.
Read more about today's news in Database Trends & Applications, Datanami, Fortune, peHUB, Reuters, and Silicon Valley Business Journal.
