DataRPM secures $5.1 million in Series A to advance Cognitive BI platform

BANGALORE, INDIA: DataRPM, the industry pioneer in cognitive business intelligence, announced that it has closed a $5.1 million Series A funding round. Led by InterWest Partners and joined by CIT GAP Funds, the round will be used to accelerate DataRPM's global go-to-market strategy.

DataRPM changes the way individuals work with data, making analytics more accessible and easier to use by solving the two main barriers to the adoption of data analysis - time consuming data modeling and usability. The DataRPM business intelligence (BI) platform removes those barriers, automating the data modeling process and employing a natural language question-and-answer interface to simplify data analysis and visualization.

"By lowering the cost of ownership and emphasizing usability, DataRPM is making business intelligence a no-brainer," said Khaled Nasr, partner at InterWest. "Until now, BI solutions and Big Data have largely ignored the data modeling process. DataRPM uses sophisticated algorithms to automate what is otherwise a heavy manual lift. Their combination of affordability and ease-of-use creates the opportunity for companies of all sizes to get meaningful insights from their data."

Available on-premise and in the cloud, DataRPM's business intelligence platform pulls data from disparate sources and stores it in distributed computational search index, rather than a traditional data warehouse and provides a natural language and search-based query interface to analyze the data, rather than SQL or other code-based interfaces. As a result, users can easily analyze and visualize their data in near real-time with no limit to the size of data.