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Datameer draws dollops of hype-free Hadoopy dosh
Singapore's ST Telemedia led the way ... handy for the Far East expansion
The money pouring into Big Data storage and analytics startups has just been boosted by another $40m. Datameer – a Hadoop-based, spreadsheet-style analytics tool and service company – is the lucky recipient.
The funding is its fifth round since being started up in 2009 and takes total investment up to $76.8m: not a lot, really, in these billion-dollar valuation days.
The round was led by a Singapore-based firm, ST Telemedia, with Top Tier Capital Partners, Kleiner Perkins Caufield & Byers (KCPB), Redpoint Ventures, Next World Capital and Software AG also contributing cash.
Datameer wants to expand into the Far East, which is why a Singapore-led round made sense. It will develop its teams across all of its business units as well.
We’re told over 200 companies – including Citi, Telefonica, Workday, and VISA – use Datameer to integrate, prepare, analyse and visualise their data. Those paying customers are worth a lot to Datameer and it's been growing strongly.
CEO Stefan Groschupf said: “It’s exciting that Datameer is in such high demand that our customer base has been a significant contributor to our sustainability. Now the additional support from our investors will help take us to the next level.”
Sounds boring, but what’s reassuring here is that the valuation isn’t ludicrously high – total investment is under $100m and Datameer has more than 200 real, paying customers including blue chips. The excitement is solid and high but the hype is low. ®