Arcadia Data Raises $15 Million In New Funding, Plans Accelerated Product Development

Arcadia Data has raised $15 million in Series B funding, financing the startup will use to continue development of its big data visual analytics software and expand its sales and marketing efforts—including its work with systems integrator and OEM partners.

The funding round was led by a new investor, Pelion Venture Partners, with participation from earlier investors including Intel Capital, Mayfield Fund and Blumberg Capital. In total, the San Mateo, Calif.-based company has raised $27 million in financing.

"With startups, innovation is key," said co-founder and CEO Sushil Thomas, noting the need to continuously build on Arcadia Data's core product to stay ahead of other startups and established players. That's why a significant portion of the new funding will be plowed into continued product development, Thomas said in an interview with CRN.

[Related: Arcadia Data Debuts App To Simplify Streaming Data Analytics]

Arcadia Data's visual analytics software is native to Apache Hadoop and cloud systems like Amazon S3 and Azure Data Lake Storage, providing organizations with an alternative to traditional business intelligence tools to access data within modern data platforms. The company's software also accesses data in streaming systems like Apache Kafka and databases including Oracle, Teradata, Snowflake and Amazon Redshift.

Thomas said the company's revenue has grown five- or six-fold in the last 24 months, without disclosing specific sales figures.

Some of the new financing will be applied to support global organizational expansion and development of go-to-market strategies, Thomas said, including channel development efforts. "It's an efficient way for startups to grow and gain traction in the market," he said of Arcadia Data's channel efforts.

While a portion of the company's sales are direct, some sales are through OEMs that build the Arcadia Data software into their own products. The company also works with systems integrators such as Wipro, and big data consultants and professional service providers including BCS Technology, Big Data International and RCG Global Services.

Arcadia Data recently unveiled new search-based business analytics capabilities in an upcoming release of its Arcadia Enterprise flagship product. The Google-like interface will allow users to analyze more of their data using natural language queries and receive visual answers that provide more insight. The search-based functionality includes guided questions, ranked answers and operationalized insight.

Arcadia Data's platform has been used largely by data scientists and analysts until now. The new search-query capabilities will broaden its appeal to a wider audience, including everyday business users, Thomas said.