4 October, 2017
Investors Place $25M On AtScale To Get The Big Picture Of Big Data
AtScale, a four-year old startup that helps companies get a big-picture view of their big data inside their BI tools, announced a $25 million Series C investment today.
The round was led by Atlantic Bridge with participation from new investors Wells Fargo and Industry Ventures along with returning investors Storm Ventures, UMC, Comcast and XSeed Capital. With today’s investment, the company has raised $45 million.
AtScale founder and CEO Dave Mariani was one of the big data pioneers at Yahoo in the 2009 and 2010 timeframe and he saw a big problem with big data. He was able to use Hadoop, which was originally developed at Yahoo about that time, to extract big data, but when it came to translating that much data for business users, there was a problem.