DataGravity Raises $30m for Big Data Products

US-based big data specialist DataGravity has raised $30m in a Series B round of venture capital financing, which it plans to use to build its product portfolio, scale its marketing and sales efforts, and hire new data visualization and user experience staff.

Launched last year by Paula Long, the co-founder of data storage firm EqualLogic (acquired by Dell for $1.4 billion in 2008) and her former colleague John Joseph, DataGravity is developing a solution for extracting value and information from organizational data without the need for complex software packages. This product, which is expected to go into beta testing this summer, is targeted at mid-sized businesses which don't have the resources to extract business value from their structured and unstructured data.

Last year, the firm raised $12m in an initial round of venture financing, and its latest funding was led by Andreessen Horowitz, with participation from previous investors Charles River Ventures and General Catalyst Partners. As part of the deal, Andreessen Horowitz Partner Peter Levine will join Data Gravity's Board of Directors.

CEO Long (pictured) comments: 'Andreessen Horowitz is the perfect partner to join our already strong set of backers. With this funding, DataGravity will move forward in addressing the enterprise mandate to radically change the way IT extracts information from data.'

Web site: www.datagravity.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.