Zoomdata added Rana Yared to its Board along with a $25m Series C financing round led by Goldman Sachs

– USA, CA – Zoomdata, developers of the world’s fastest visual analytics solution for big data, today announced the closing of a $25 million Series C equity financing round led by Goldman Sachs’ Principal Strategic Investments Group. New investor Comcast Ventures and previous investors Accel, Columbus Nova Technology Partners, NEA and Razor’s Edge also participated in the round.

Zoomdata’s patented Data Sharpening™ technology offers the industry’s fastest visual analytics for real-time streaming and historical data, while Zoomdata Fusion enables the joining of big data with other modern and traditional datastores. Zoomdata is the first business intelligence solution natively architected for cloud and on premises deployments using an optimized microservices delivery approach that delivers visual analysis of big data sets in seconds.

As part of this strategic investment, Rana Yared, Managing Director in the Principal Strategic Investments Group at Goldman Sachs, was named to the Zoomdata board of directors. Hilary Packer, Managing Director in the Technology Division at Goldman Sachs, will join Zoomdata’s Advisory Board.

“In today’s fast-paced, evolving financial marketplace, data is at the core of everything we do,” said Yared. “We are excited to work with Zoomdata as they continue to develop products that enable clients to extract real value through intelligent analysis of financial data.”

“Goldman Sachs is a world leader in financial services and leveraging technology for their clients,” said Justin Langseth, CEO of Zoomdata. “We’re proud to bring Goldman Sachs’ unmatched expertise to our board.”

Including this financing round, Zoomdata has raised a total of $47.2 million in private investment since its launch in 2012. Over the past year, the company added 35 new enterprise customers including Cisco, Deloitte and Markerstudy. The company also launched its AnyCloud™ initiative to deliver optimized big data visual analytics solutions on Amazon, CenturyLink, Cisco, Google and Microsoft cloud platforms.

“Big data is disrupting consumer markets in every industry, including media and communications,” said Matt Carbonara, Principal at Comcast Ventures. “Zoomdata is at the cutting edge of helping organizations make sense of that big data through its unique visual analytics solution on a modern data architecture.”

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.

Comments are closed.