New Funds for Enterprise Data Firm ChaosSearch

Boston, MA-based enterprise data analytics platform ChaosSearch has raised $40m in a Series B round of funding, which it will use to fuel growth in 2021.

ChaosSearch's data platform connects to and indexes data within a customer's cloud storage environment, making it fully searchable and available for analysis with existing data tools. This allows customers to run queries and analyses against a single unified data lake, while gaining unlimited capacity and data retention time. CEO Ed Walsh (pictured) says clients are excited about the firm's ability to quickly extract insights from massive data sets within their own cloud data lake while also 'dramatically reducing costs'.

New funding has been co-led by Stripes and Moore Strategic Ventures. Walsh adds: 'Although we weren't planning to raise additional capital in 2020, investors saw the opportunity and approached us about accelerating our plans. This round is an acknowledgement of the substantial value our team has created this year, and a validation of the opportunity in front of us. It will enable us to execute aggressively by growing our team, expanding our use cases, and rapidly building a scalable, repeatable go-to-market model'.

Web site: www.chaossearch.io .

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