Nexla, a San Mateo, CA-based unified data operations company, raised $12m in Series A funding.
The round was led by Industry Ventures with participation from Liberty Global Ventures, Blumberg Capital, Engineering Capital, Storm Ventures, and Correlation Ventures. Sohaib Abbasi (ex-CEO, Informatica), Mike Tuchen (ex-CEO, Talend), Adarsh Nair (CEO, Airtel Digital), and Santosh Janardhan (VP Infrastructure, Facebook) joined as strategic angel investors.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2016 and led by Saket Saurabh, CEO, Nexla streamlines the process of getting ready-to-use data to more applications and more users without having to use different tools. It provides a unified platform that brings together capabilities to integrate, transform, deliver, and monitor data in a collaborative no-code/low-code manner. These capabilities are powered by a “data fabric architecture” using continuous metadata intelligence which automatically generates logical data products called Nexsets.
The company serves enterprises like DoorDash, Instacart, Poshmark, Freshworks, LiveRamp, and Bed Bath & Beyond.
FinSMEs
19/10/2021