Treasure Data Gets $5m Chest

Mountain View, California-based big data firm Treasure Data has raised $5m in Series A financing to fuel its global expansion plans.

The firm's open source software and other cloud-based technology help clients mine and analyze their business information, then export key metrics for further analysis.

Funding has been led by Sierra Ventures, whose MD Tim Guleri will join the Treasure Data Board of Directors. To date, the company has raised $7.75m from Sierra Ventures and other Silicon Valley investors: Bill Tai, Jerry Yang, James Lindenbaum, Othman Laraki and Dan Scheinman.

CEO Hiro Yoshikawa (pictured) comments: 'Our mission is to empower businesses to turn big data into immediate value by simplifying the entire process from data collection to analysis, creating a frictionless cloud analytics solution. With Treasure Data, customers can be in full production in days to weeks, not the months or years typically required by existing solutions.'

Web site: www.treasure-data.com .

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