Platfora, the Big Data Analytics platform that runs natively on Hadoop, today announced tremendous sales growth in excess of 200 percent in annual recurring revenue over the past 12 months. Global 2000 companies and government organizations are rapidly adopting Platfora Big Data Analytics to discover new market opportunities and solve business problems using transaction, machine and customer interaction data at scale.
Business leaders are frustrated by the fact that their current BI and analytics software tools can only use about 10 to 12 percent of their enterprise data. Just think about what that means to the CMOs, CISOs and other top executives who have mission-critical dependencies on data,” said Ben Werther, founder and CEO of Platfora. “Platfora is disrupting the analytics market because our customers can now leverage 100 percent of their data with a multi-structured analytics platform that empowers business users to find insights and make decisions within hours instead of months.”
Platfora brought the world’s first multi-structured analytics solution to market in the beginning of 2013. Industry analysts estimate that the company has a two- to three-year advantage on incumbent software vendors because it has developed a fundamentally different architecture that is purpose-built for big data environments. Over the past four quarters, Platfora expanded its business at a rapid rate adding new customers including Vivint, Unisys, TUI Travel, American Express, MdotM, PayPal, AutoTrader, Paytronix, DirecTV, Riot Games, Comcast, Disney, Edmunds.com, Opower, HP, Groupon and Citigroup.
In addition to strong sales, Platfora also achieved the following milestones since Q2 of 2013:
Quadrupled the number of Platfora customers and doubled its employee base to accelerate R&D, sales and international expansion.
Earned several industry accolades from leading technology industry publications, including CIO Magazine’s “10 Hot Hadoop Startups to Watch,” Fortune’s “Ones to Watch in Big Data,” Business Insider’s “12 Hot Data Startups to Watch” and CRN Magazine’s “Big Data 100: Business Analytics.”
Formed strategic partnerships with leaders in the Hadoop ecosystem, including Cloudera, Hortonworks, MapR and Pivotal. All companies have go-to-market initiatives with Platfora because of the unique analytics value the company provides to companies that have installed Hadoop.
Raised a Series C round of $38 million led by Tenaya Capital, which brings the company’s total funding to $65 million. New investors Citi Ventures, Cisco and Allegis Capital, as well as prior investors Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel also participated in the round.
Launched nine versions of Platfora Big Data Analytics with significant feature innovations in Event Series Analytics and Segmentation, which are enhancements to improve usability and tightly couple Big Data Analytics into core production workflows across the enterprise.
Named a finalist for an American Technology Award (ATA) in Big Data Applications. The only national “best-of” award in the technology industry, the ATAs represent outstanding innovations and achievement.
Platfora’s Big Data Analytics platform makes it easier for us to deliver insights without having to tie up resources from our IT support staff. Edmunds.com generates an enormous amount of data, and Platfora has given our business users the agility to explore that data in ways that were not possible before,” said Padraic Hannon, Vice President of Enterprise Software and Data Architecture at Edmunds.com.
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