Karmasphere Secures Funding To Accelerate Big Data Analytics On Hadoop
Big Data Intelligence Company Lands $6 Million B Round From Top Tier Venture Firms
Cupertino, CA – September 29, 2011 – Karmasphere™, a Big Data Intelligence company, today announced it has secured $6 million in a Series B round of funding, led by new investor Presidio Ventures. Also participating in the round are existing investors Hummer Winblad and US Venture Partners. Total investment in Karmasphere, since it was launched in 2010, is now $11 million.
Karmasphere provides software for data and business analysts to mine and discover insights from Big Data on Hadoop. Hadoop is used to house the massive amounts of unstructured, interactional data being generated by web logs, machine-to-machine communications, mobile devices, video, social media and sensors. By using Karmasphere to analyze this Big Data, companies can gain competitive advantage by discovering ideas for new products, improving customer service and optimizing operations.
“Shun Aramaki, who led the investment in Karmasphere, brings with him a wealth of Big Data market expertise,” said Gail Ennis, CEO, Karmasphere. “Shun and his colleagues at Presidio Ventures will be a great asset to our team.”
“Big Data is becoming ever more important for enterprise companies,” said Shun Aramaki, partner, Presidio Ventures, “Karmasphere provides the critical bridge between the business needs for competitive intelligence and the Big Data infrastructure on Hadoop.”
Karmasphere will use the capital from its Round B funding to accelerate its product roadmap and fuel company growth through continued expansion of sales and marketing initiatives.
Karmasphere provides software products for data analysts and professionals so that they can unlock the power of Big Data in Hadoop, opening up a whole new world of possibilities to add value to the business. Karmasphere equips analysts with the ability to discover new patterns, relationships, and drivers in any kind of data – unstructured, semi-structured or structured – that were not possible to find before.
Karmasphere delivers the premier Big Data workspace for data professionals to mine and analyze web, mobile, sensor and social media data in any Hadoop distribution. Analysts, and the developers that support them, use Karmasphere products to transform their business, identifying opportunities for new products and services and areas for business optimization and cost reduction.
For more information, visit www.karmasphere.com.
Note: Karmasphere, Karmasphere Big Data Analytics Engine and Karmasphere Studio are trademarks of Karmasphere. All other trademarks are property of their respective owners.