Continuum Analytics, an Austin, Texas-based company that develops an open source analytics platform powered by Python, secured $24m in Series A funding round.
The company, which has raised $34m to date, intends to use the funds to accelerate product development, expand sales and marketing, and continue to invest in strengthening the Python and Anaconda communities.
Led by CEO Travis Oliphant, Continuum provides Anaconda, a platform that enables organizations to analyze, manage and visualize big data in order to make critical decisions. Built on open data science language Python, Anaconda also integrates into existing IT environments. Applications include risk analysis in financial services, process Hubble telescope images, transform media monetization and counter human trafficking, among others.
Customers include Boeing, Procter & Gamble, Pepsi, Schlumberger, the U.S. Department of the Treasury and the Securities and Exchange Commission among others.