Big Data Analytics Vendor Datameer Closes New $40 Million Funding Round

Datameer, which offers a big data analytics application purpose-built for Hadoop, has closed a $40 million round of financing.

ST Telemedia (STT) led the round, joined by Top Tier Capital Partners (TTCP) and participation from Kleiner Perkins Caufield & Byers (KPCB), Redpoint, Next World Capital, Software AG and Citi Ventures.

The funds more than double Datameer's previous investments to over $76 million.

Datameer said it will use the additional capital to strategically develop its teams across all business units and to accelerate its global expansion. 

In a blog post, Stefan Groschupf, CEO, said the company will focus on expanding globally, with an eye toward APAC and Latin America as well as additional investment in our existing teams.

Nikhil Eapen, chief strategy and investment officer and executive vice president with ST Telemedia, will also join Datameer's board.

"Data is a strategic asset and big data is increasingly a cornerstone of enterprise strategy," said Eapen. "Datameer has enabled some of the world's leading enterprises to translate raw data into critical insight seamlessly and within the fastest time possible. We see tremendous strategic and complementary fit in our partnership."

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