Glassbeam, Inc., a Santa Clara, CA-based machine data analytics company, raised $2m in additional funding.
The round was led by VKRM Group.
The company intends to use the funds to continue to refine its patentable Internet of Things (IoT) platform, which is called Glassbeam SCALAR.
Led by Puneet Pandit, CEO and co-founder (read our interview with him here), and newly appointed CSO Kumar Malavalli, Glassbeam provides a cloud-based analytics platform that delivers actionable intelligence around the Internet of Things. It is designed to organize and analyze multi-structured data, delivering product and customer intelligence for companies including Dimension Data, IBM, HDS, Aruba Networks and Meru Networks.
Glassbeam SCALAR is built to handle high volume and variety of incoming data streams, which is common in complex IoT environments.
In addition to the funding, SRI Capital’s Sashi Reddi joined the company’s board of directors.
FinSMEs
27/08/2014