Podium Data Inc., a Lowell, MA-based data lake management platform for the enterprise, raised $9.5m in Series A funding.
The round was led by Malibu Ventures, with participation from Nate Davis, David Dolby of Dolby Family Ventures; and Jeremy Milken of the Milken Family Foundation, among others. In conjunction with the funding, Steven Fink of Malibu Ventures joined Podium Data’s board.
The company intends to use the funds to expand sales and marketing efforts, build out its customer success teams, grow the ecosystem of technology, system integration, and application partners and invest in product innovation.
Led by Paul Barth, CEO, Podium provides a lake management software platform for companies to manage, prepare and deliver data. Purpose built to leverage Hadoop, the platform allows organizations to deliver business ready data through a variety of enterprise scale data lake, ETL re-hosting, and analytic sandbox projects, at a lower time and cost associated with traditional data warehousing projects.
The solution is used by a growing list of Fortune 500 companies, including TD Bank, Citizens Bank, Astellas Pharma, Tegna (formerly Gannett Co.), and SunLife.