OmniSci Secures $55M in Series C Funding

OmniSciOmniSci (formerly MapD), a San Francisco, CA-based creator of an extreme analytics platform, completed a $55m Series C financing.

The round, which brought total funding raised to date to $92m, was led by new investor Tiger Global Management with participation from existing investors In-Q-Tel, New Enterprise Associates, Vanedge Capital, Nvidia, and Verizon Ventures.

The company intends to use the funds to accelerate innovation, further build its open source community, and expand the team.

Led by CEO and Co-founder Todd Mostak, OmniSci provides an extreme analytics platform used in business and government to find insights in big data beyond the limits of mainstream analytics tools. Originated from research at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL), the platform harnesses the massive parallel computing of GPUs for performance at scale. It is available in cloud, open source, and enterprise versions.

Over 100 organizations using the software globally including Global 2000 companies in industries such as telecommunications; automotive; oil and gas; financial services; high technology; and advertising. The company also works with the US defense and intelligence communities.



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