Incorta, a San Mateo, CA-based real-time analytics platform that makes the traditional data warehouse obsolete, raised an additional $15m in funding.
The round was led by new investor Kleiner Perkins Caufield & Byers with participation from existing investors GV (previously Google Ventures) and former Oracle Executive Vice President Ron Wohl. In conjunction with the funding, Kleiner Perkins General Partner Ted Schlein will join Incorta’s board of directors.
The company intends to use the funds to continue to make product development, sales, and marketing investment efforts.
Led by Osama Elkady, co-founder and chief executive officer, Incorta provides an enterprise analytics platform that aggregates complex business data in real-time, by enabling business users to gain secure, sub-second access to meaningful business insight and leveraging a direct data mapping engine and bypassing the need for a traditional data warehouse.