Panoply, a San Francisco, CA and Tel Aviv, Israel-based smart data warehouse provider, secured an additional $5m in Series A funding.
C5 Capital made the investment joining existing backers Intel Capital, Blumberg Capital and 500 Startups.
The company intends to use the funds to continue to accelerate sales, marketing and product roadmap advancement and expand the engineering team.
Led by Yaniv Leven, chief executive officer, Panoply provides a cloud based natural language processing, machine learning query optimization and automated elastic storage and CPU scaling powered data warehouse for data engineers, data analysts/scientists and business end users to enrich, transform and optimize big data, making it simple to gain actionable insights.
In addition to the funding, Panoply has named Michael Canon as vice president of worldwide sales and Paul Friesen as vice president of marketing. And, Moisey Uretsky, co-founder and chief product officer at Digital Ocean, has joined Panoply’s advisory board.