Datameer, the corporate that was born as a knowledge prep startup on high of the open supply Hadoop venture, introduced a $40 million funding and an enormous pivot away from Hadoop, whereas staying true to its large information roots.
The funding was led by current investor ST Telemedia . Different current buyers together with Redpoint Ventures, Kleiner Perkins, Nextworld Capital, Citi Ventures and Prime Tier Capital Companions additionally participated. At the moment’s funding brings the overall raised to virtually $140 million, in keeping with Crunchbase information.
Firm CEO Christian Rodatus says the corporate’s authentic mission was about making Hadoop simpler to make use of for information scientists, enterprise analysts and engineers. Within the final yr, the three largest business Hadoop distributors — Cloudera, Hortonworks and MapR — fell on hard times. Cloudera and Hortonworks merged and MapR was sold to HPE in a fireplace sale.
Beginning virtually two years in the past, Datameer acknowledged that in opposition to this backdrop, it was time for a change. It started growing a few new merchandise. It didn’t need to abandon its current buyer base solely after all, so it started rebuilding its Hadoop product and is now calling it Datameer X. It’s a trendy cloud-native product constructed to run on Kubernetes, the favored open supply container orchestration instrument. As a substitute of Hadoop, will probably be primarily based on Spark. He studies they’re about two-thirds completed with this pivot, however the product has been within the fingers of consumers.
The corporate additionally introduced Neebo, a wholly new SaaS instrument to provide information scientists the power to course of information in no matter kind it takes. Rodatus sees a world coming the place information will take many varieties from conventional information to Python code from information analysts or information scientists to SaaS vendor dashboards. He sees Neebo bringing all of this collectively in a managed service with the hope that it’s going to free information scientists to focus on getting perception from the information. It’s going to work with information visualization instruments like Tableau and Looker, and must be typically accessible within the coming weeks.
The cash ought to assist them get via this pivot, rent extra engineers to proceed the method and construct a go-to-market workforce for the brand new merchandise. It’s by no means simple pivoting like this, however the buyers are seemingly hoping that the corporate can construct on its current buyer base, whereas benefiting from the market want for information science processing instruments. Time will inform if it really works.