Xplenty, which provides a data integration platform, has announced new $4 million in funding from Bain Capital Ventures, True Ventures, and Rembrandt Venture Partners, with participation in the funding round from existing Xplenty investors Magma Venture Partners and Waarde Capital.
The news was shared in a blog post by Yaniv Mor, CEO and co-founder of Xplenty, which is headquartered in San Francisco and Israel.
According to Mor, the investment will allow Xplenty to continue to grow globally and develop new platform capabilities.
Mor also said that Xplenty is acquiring Driven, Inc., a provider of big data application infrastructure to help enterprises create, deploy, run, and manage data applications at scale. Driven is also the team behind Cascading, a technology for data applications – with more than 150,000 user downloads each month. Cascading is used as a platform for creating and running complex big data workflows atop Hadoop clusters, and counts thousands of businesses using its technology globally, including eBay, Twitter, Airbnb, Etsy, and SoundCloud.
With the acquisition, Mor said, the team at Xplenty will continue to support the Cascading open source project and serve as a sponsor for the Cascading community, driving the development and evolution of the software forward.