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Datameer secures $19 million

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Harmeet
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SAN MATEO, USA: Datameer, the leader in self-service Big Data analytics for Hadoop, announced the completion of a $19 million Series D round. Investors include Workday, Citi Ventures, and Software AG, and the round was led by Next World Capital (NWC), an international, expansion-stage venture capital firm headquartered in San Francisco with a strong presence in Europe.

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Existing investors from venerable Silicon Valley funds Kleiner Perkins Caufield & Byers and Redpoint Ventures also participated. This investment allows Datameer to meet exploding enterprise demand for Datameer's Big Data Analytics application plus fuel the company's rapid expansion into international markets. Datameer also announced that NWC partner Ben Fu will join the company's board.

"Datameer is unquestionably leading the massive shift to next-generation BI as enterprises re-platform their data warehouses to include Hadoop-based architectures," said Fu. "Datameer has a highly differentiated analytics solution and the only one of its kind to run natively on Hadoop. We are eager to see Datameer penetrate new markets around the world with the help of our unique European Advisory Network."

In the past year, Datameer has nearly tripled in size and now counts more than 130 leading brands from every major vertical as customers, including British Telecommunications, Cardinal Health, CDW, Sears, and Visa, among others. Drastically decreasing the time it takes to get insight from data over traditional Business Intelligence systems, Datameer's self-service application for big data analytics on Hadoop empowers business users in any industry to integrate, analyze and visualize big data with a single tool.