Xplenty, a Tel Aviv, Israel- and San Francisco, CA-based bid data Big Data application infrastructure platform, raised $4m in funding.
Backers included Bain Capital Ventures, True Ventures and Rembrandt Venture Partners and existing investors Magma Venture Partners and Waarde Capital. In conjunction with the funding, Bill Lehmann of Bain Capital Ventures joined Xplenty’s board of directors.
The company intends to use the funds to continue to grow globally and develop new platform capabilities.
In conjunction with the funding, Xplenty is also announcing the acquisition of Driven, a leader in big data application infrastructure, delivering platforms for enterprises to create, deploy, run and manage data applications at scale. Driven is also the team behind Cascading, a technology platform for creating and running complex big data workflows atop Hadoop clusters, which is used by thousands of businesses globally, including eBay, Twitter, Airbnb, Etsy, and SoundCloud.
With the acquisition, the team at Xplenty will continue to support the Cascading open-source project and serve as a sponsor for the Cascading community, driving the development and evolution of the software forward.
Led by Yaniv Mor, CEO, Xplenty provides a Big Data processing cloud service that allows organizations to process both structured and unstructured data and integrates with a variety of sources, including SQL data stores, NoSQL databases and cloud storage services.
Users can read and process data from relational databases such as Oracle, Microsoft SQL Server, Amazon RDS, PostgreSql, NoSql data stores such MongoDB, cloud storage file sources such as Amazon S3, etc., and connect with online analytical data stores such as AWS Redshift, and Google BigQuery.