Arcadia Data Inc., maker of a business intelligence platform that uses visualizations to make data analysis easier to understand, today said it has closed on a $15 million round of funding.
The Series B round, led by Pelion Venture Partners with participation from existing investors Intel Capital, Mayfield Fund and Blumberg Capital, brings Arcadia Data’s total funding to date to $27 million.
Arcadia Data’s business intelligence platform works directly on unstructured and semistructured data that’s stored in massive “data lakes,” which are centralized repositories of data stored in their original format. The software combines the necessary facilities for reading and transforming data with an extensive set of visualizations delivered via the browser. The company said its approach can all but eliminate the need for extract tables and data transformation, enabling business users to get directly to information in their data lakes quickly and with minimal overhead.
The end result is that pretty much anyone at a company can use Arcadia Data to generate insights from the organization’s data.
Read more about Arcadia B series @silicon angle
Read more about Arcadia 500 percent growth over the past 2 years @BI Solutions Review