24 January, 2018
Unravel Data Raises $15M Series B For Its Big Data Performance Monitoring Platform
Big data systems tend to be large, complex and often hard to troubleshoot. In the world of databases, web and mobile stacks, application performance management services like AppDynamics and New Relic help ops teams keep tabs on their system. In the big data world, Unravel Data is one of the few APM players to focus solely on the complete big data stack from ingestion to analysis (though companies like Driven and others are also working on at least some aspects of this).
Unravel today announced that it has raised a $15 million Series B round led by GGV Capital, with participation from Menlo Ventures and Microsoft Ventures. This brings Unravel’s total funding to $23 million.
Kunal Agarwal, Unravel’s CEO, tells me that the company, which was founded in 2013, used 2017 to find its product/market fit after its Menlo Ventures-led Series A round in 2016. With a number of prestigious customers on board (including Kaiser Permanente, Autodesk and YP.com), Unravel is now planning to expand its sales and marketing teams to help bring on new customers and support its existing user base. Unsurprisingly, the company will also continue to invest in building out its core product, and the company also plans to open an office in London where many of its customers in the financial industry (still) have their headquarters.