Incorta, a San Mateo, CA-based provider of a no-ETL data warehouse, closed a $30m Series C funding.
The round was led by Sorenson Capital, with participation from existing investors including GV, Kleiner Perkins, M12 (formerly Microsoft Ventures), Telstra Ventures, and major investor Ron Wohl.
The company, which has raised $75m in funding to date, intends to use the funds to continue to acquire top talent, invest in its Direct Data Mapping technology, and deepen relationships with the major public cloud providers.
Led by Osama Elkady, co-founder and CEO, Incorta delivers a no-extract-transform-load (ETL) data warehouse that speeds up insights by paring down the unnecessary parts of data modeling and ETL.
Its Direct Data Mapping engine allows businesses to ingest source application data in their original form and analyze data without modeling and ETL overhead. The result is faster delivery of analytical applications with sub-second query response times.
Incorta is deployed and powers analytics for some of the world’s largest and fastest-growing companies.