Datameer Closes $40m Funding Round

In the US, big data analytics firm Datameer has closed a $40m round of financing, which it will use to expand its teams across all business units and to accelerate global expansion plans.

Founded in 2009, Datameer offers a self-service Hadoop big data application, which includes a point-and-click analytics tool and a drag-and-drop visualization solution. The firm currently has US offices in San Francisco and New York, as well as a European base in Halle, Germany.

The new funding has been led by ST Telemedia and Top Tier Capital Partners, with participation from Kleiner Perkins Caufield & Byers (KPCB), Redpoint, Next World Capital, Software AG and Citi Ventures. These funds more than double Datameer's previous investments to over $76m.

CEO Stefan Groschupf (pictured) comments: 'It's exciting that Datameer is in such high demand that our customer base has been a significant contributor to our sustainability. Now, the additional support from our investors will help take us to the next level'.

Web site: www.datameer.com .