AtScale raises USD11m in B round funding

AtScale, Inc., which provides business users with a secure self-service BI platform for Hadoop, has raised USD11 million in a Series B round of funding, bringing its total funding to date to USD20 million, the company said.

Led by Comcast Ventures, this round also saw the participation of UMC, AME Ventures as well as Storm Ventures and XSeed Capital.

Comcast Ventures principal Matt Carbonara said, “With this new financing, the company is poised to accelerate growth and drive innovation enabling enterprises to derive insights on massive data sets in Hadoop as evidenced by partnerships in the industry, including Comcast.”

Launched publicly a year ago, AtScale recently announced five-fold revenue growth and welcomed as customers like Aetna, Home Depot, Bloomberg, Groupon and Yellow Pages.

The company´s architecture allows it to provide people with rapid-fire and unlimited access to Big Data, using the tools they are familiar with, while adhering to enterprise security and governance standards, explaining its rapid ascension across industries like healthcare, telecommunications, retail and financial services.