Wednesday, March 15, 2017

Infoworks raises $15 mn from Centerview Capital Technology and Nexus Venture Partners

Big data company Infoworks raises $15 mn (Rs 98 crore) from Centerview Capital Technology and Nexus Venture Partners. As a part of the deal Centerview partner Ned Hooper will join the board of Infoworks.

The Infoworks platform provides automated, end-to-end solutions for modern data warehousing on Hadoop. It provides functionalities such as data ingestion, data synchronisation and building data models and cubes on a single platform, reducing the time for production from months to days.

Ned Hooper said, Building and managing data warehouses on Hadoop is imperative for enterprises in the age of Big Data.

Also read: Intel buys Israeli car tech firm Mobileye for $15 bn

Infoworks will use the funds to scale up its go-to-market and customer success programmes to meet customer demand.

Chief executive and co-founder of Infoworks Amar Arsikere, The requirement to build data warehouses on Hadoop is critical for Fortune 500 companies to capture the value of their data. He also said, the Centerview team brings sector expertise, operational experience and relationships with Fortune 500 companies that will help Infoworks grow sales and meet customer demand.



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