Ahana Raises $2.25 Million Seed Funding and Joins Linux Foundation's Presto Foundation

Ahana has raised $2.25 million in funding led by GV (formerly Google Ventures) along with participation from Leslie Ventures and other angel investors. Additionally, Ahana has joined the Linux Foundation’s Presto Foundation.

Presto is a federated SQL engine for data platform teams to perform ad hoc querying of data in place. As the Presto market continues to grow, Ahana's mission is to simplify ad hoc analytics.

Co-founded by Steven Mih (formerly Couchbase, Aviatrix, Alluxio) and Dipti Borkar (formerly IBM, Couchbase, Alluxio), Ahana brings together decades of cloud, open source, database and distributed systems experience to a commercial company focused on PrestoDB, a  big data analytics-focused project hosted by the Linux Foundation’s Presto Foundation. “PrestoDB is exploding in popularity with users around the world. That, combined with Ahana’s vision of simplifying the ad-hoc analytics journey for users, is extremely promising,” said Bob Wiederhold, former Couchbase CEO and Ahana advisor. 

According to Ahana, it will use the funding to expand its technical team and deliver Presto-based analytics products. Founded during the Coronavirus pandemic, Ahana is a remote from the start company.

“The data analytics market is evolving, as enterprises look for new opportunities to manage analytical data cost-effectively and at scale. There is a pronounced movement away from expensive, highly-structured data warehouses to ‘data lakes’ of raw data,” said Dave Munichiello, general partner, GV. “We see an opportunity in companies who power simple and efficient analysis of this type of raw data and are drawn to Ahana’s vision that leverages the rapidly-growing Presto open source project.”

In 2019, Facebook donated the Presto project to the Linux Foundation to create the Presto Foundation along with founding members Uber, Twitter and Alibaba. Ahana has joined the Linux Foundation’s Presto Foundation as a premier member. Ahana plans to improve ease of use, documentation, and foster growth of the community users of the PrestoDB GitHub repository.

“Federated query engines simplify and unify data analytics on data anywhere. But of all the engines, Presto is the fastest for ad-hoc querying of data in-place and is highly extensible with its pluggable API,” said Dipti Borkar, co-founder and chief product officer, Ahana. “With data spread across many sources and in different formats, as well as the proliferation of a disaggregated compute and storage stack, the sacred data warehouse star schema is no longer in one place. Thus, a federated query engine will become the foundation of architecture to meet the needs of modern data teams.”

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