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AtScale raises $25M Series C Round to Modernize Business Intelligence MarketSAN MATEO, Calif., Oct. 3, 2017 /PRNewswire/ -- AtScale, the only company to provide enterprises with a universal semantic platform for BI on Big Data, announces today that it has completed a $25M Series C financing round. The round, led by Atlantic Bridge, makes it clear that the investment community recognizes the strategic relevance of AtScale's mission: stop making Big Data small and provide enterprises access to any data, anywhere, for any employee. According to the Economist, only 5% of the data enterprises capture make it to the decision makers who need it. This round also includes the participation from Wells Fargo Securities, Industry Ventures as well as returning investors Storm Ventures, UMC Capital, Comcast Ventures and XSeed Capital. To find out more about AtScale, simply go to www.atscale.com/try A New Day for Business Intelligence Enterprises have been tackling Big Data for more than a decade but they're still forced to make it small for BI users by creating siloed data stacks. This defeats the purpose of moving to a Big Data platform in the first place because it strips away Big Data's nuances and, by losing data fidelity, deprives business analytics of their true potential. The companies that have chosen AtScale have been credited for advancing the field of Big Data across many industries: for example, Macy's was recognized with the Ventana Research Business Technology Leadership Award, Yellow Pages received the Cloudera Data Platform Optimization and, just last week Cloudera recognized GlaxoSmithKline ith the Data Impact of the Year at the Strata Data Conference in New York. Bringing Order to Chaos Dave Mariani, CEO and co-founder of AtScale, remembers experiencing this at Yahoo! when his team managed over 8,000 licenses of Tableau and MicroStrategy: "Every new tool needed its own support system: its own data pipeline, business logic management layer and its own team," he said. "This model cost money, time and agility. We knew that, over time, every enterprise would run into this problem and grow tired of these massive trade-offs. It feels like every enterprise has hit this inflection point now, and we're happy that AtScale is here to bring order to the chaos." AtScale is the industry's only patented solution that enables enterprises to simplify their business intelligence infrastructure by allowing business users to continue working with the tools they know and love while providing the enterprise with a universal semantic layer to centrally manage data definitions, performance and security. Keeping Big Data Big No matter how often IT attempts to refresh its data marts (an issue in itself), the rigidity of this approach forces them to make Big Data small, squandering in the process the opportunity to present people with the data they needed to achieve their potential. "Using a siloed data stacks approach in 2017 is the equivalent of drinking a slurpee through a cocktail straw," said Mariani, "it's painful, frustrating and most importantly, unsatisfying." AtScale is the industry's only patented solution that lets enterprise IT provide employees with full, secure and performant access to the data stored in their data warehouses and data lakes. AtScale does so by providing universal semantic layer software capabilities that manage data without moving it or shrinking it. AtScale is the only market solution that keeps data big, no matter how big. Learn More: About AtScale
View original content:http://www.prnewswire.com/news-releases/atscale-raises-25m-series-c-round-to-modernize-business-intelligence-market-300529545.html SOURCE AtScale |