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KPCB, Redpoint-backed big data business Datameer nets $19m Series D round

18 Dec 2013

data storage_lrgVenture capital-backed big data analytics business Datameer has picked up $19m in financing through a Series D round.

Next World Capital led the investment round, which was also supported by existing stakeholders Kleiner Perkins Caufield & Byers and Redpoint Ventures and new backers Citi Ventures, Workday and Software AG.

Datameer said it had almost tripled in size in the past year and counts more than 130 leading brands as customers, including British Telecom, Cardinal Health, CDW, Sears, and Visa.

Redpoint partner John Walecka said, “Datameer is the fastest growing business intelligence company in the big data market, and given the company’s deep and broad customer base, we expect the company to continue to grow several hundred per cent per year.”

Last month Accel Partners led a $20m Series B financing round for secretive big data business Jut.

LightSpeed Venture Partners and Wing also took part in the round, which Jut said would be used to expand its engineering team and bring the first version of its product to market.

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