The data analytics market is starting to boom. Hadoop distributions from big data companies like Cloudera have matured and are becoming more useful as they allow for better ways to perform real-time data processing by using cheap commodity hardware in clusters to spread data and then retrieve it for analysis. Customers are building data hubs that use Hadoop with data analytics on top to provide a cheaper alternative to data warehouse technologies.
Datameer is a business intelligence company that is benefitting from this trend. Today it announced $19M in funding for its data analytics platform in a round led by Next World Capital (NWC) with participation from Workday, Citi Ventures, and Software AG. Existing investors Kleiner Perkins Caufield & Byers and Redpoint Ventures also participated in the investment. The Series D round brings the company’s total investment to $36.6 million.
The Datameer technology works natively with MapReduce, which maps the data…
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