Deals

Datameer snags $9.25M more to analyze massive amounts of data

Datameer, a company that allows users to analyze massive amounts of data without technical know-how, today announced a second round of funding for $9.25 million. The money will be used to hire additional employees for its engineering, sales, and marketing teams.

The company created a user dashboard to easily feed and analyze data into Apache Hadoop, an open-source software that processes large amounts of data sets and spits out analytics as well as reporting. The benefit of the tool comes to those that don’t have a technical background and thus wouldn’t be able to use Apache Hadoop.

Companies in several industries have needs to process large amounts of data, including  financial services, Internet research, telecommunications and security software.

Several other companies are storing and processing large amounts of data for companies with the help of Apache Hadoop, including Cloudera and OSIsoft Software.

The San Mateo, California-based company, founded in 2009, secured the round of funding from legendary venture firm Kleiner Perkins Caufield & Byers with participation from Redpoint Ventures. The total funding to date is $12 million.