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Canaan Partners leads $15 Series B round for big data business Webidata

23 May 2013

dollars 20_sqVenture capital firm Canaan Partners has led a $15m Series B funding round for big data company WibiData.

The round was also backed by existing investors New Enterprise Associates and Google chairman Eric Schmidt. It takes the total amount of funds raised by the company to $20m.

The company was launched by Cloudera founder and former senior software engineer at Google Christophe Bisciglia in 2010.

Wibidata’s technology aims to close the gap between the data organizations collect and analyze in the back office and the experience created for customers in the front office.

“Our applications allow companies to increase engagement and reduce risk by dynamically applying predictive models to data and adapting the application with each click, creating customized, contextual experiences without the vast engineering resources most web giants require,” Wibidata said on its website.

Canaan has recently invested INR38 crore ($7m) in property and real estate listings site Indiaproperty.com.

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