Data warehouse startup Infoworks.io has raised $15 Million of Series B funding from Centerview Capitals. Existing investor Nexus Venture Partners have also participated in the funding round. With the funding round, Ned Hooper from Centerview Capital Technology will join the Board of Directors along with Buno Pati, Naren Gupta and Amar Arsikere. Previously, the startup raised Seed funding from Knoll Ventures of $4.41 Million and Series-A funding of $5 Million from Nexus Ventures Partner.
Amar Arsikere, CEO and founder of Infoworks said: “We are excited to partner with Centerview Capital Technology and work with Ned on the board as we focus on scaling and accelerating our go-to- market activities. The requirement to build data warehouses on Hadoop is critical for Fortune 500 companies to capture the value of their data. The Centerview Capital Technology team brings deep sector expertise, operational experience and meaningful relationships with IT and business executives at Fortune 500 companies that will help us continue to grow sales and meet customer demand.”
The California-Based startup was found in the year 2014 by Indian Engineering alumnus Amar Arsikare. Infoworks provides the only end-to-end data warehouse on Hadoop & Spark. Their mission is to enable enterprises to quickly leverage their data assets, for all enterprise use-cases, whether via BI, reporting, OLAP, or advanced and statistical analytics.
Amar Arsikere is known for building one of the world’s largest in-memory database infrastructure at Zynga. He also built a data warehouse platform on Bigtable at Google.
Infowork has the total employee base of 50 members. The startup will use its fresh funds to scale ‘go-to-market’ and ‘customer success’ programs.
On the investment, Ned Hooper from Centerview Capital said, “We have been very impressed by the ease with which large, global companies have deployed the Infoworks platform. Amar has assembled a world-class team and we are excited to partner with them. Building and managing data warehouses on Hadoop is imperative for enterprises in the age of Big Data.” Read more about startups.
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