Infoworks.io, Inc., which provides data warehousing on Hadoop, has closed $15 million in a Series B financing which it will use to scale go-to-market and customer success programs to meet customer demand.
Centerview Capital Technology led the round with participation by existing investor Nexus Venture Partners. Ned Hooper of Centerview Capital Technology is joining Buno Pati, Naren Gupta and Amar Arsikere on the Infoworks board of directors.
According to the company, enterprises need next-generation data warehouses to gain benefits from big data since legacy solutions do not scale cost-effectively and are unable to address the requirements of both structured and unstructured data.
Infoworks, the company says, offers an automated data warehousing solution on Hadoop—with functionality from data ingestion, data synchronization and building data models and cubes in a single platform. This helps reduce the time to production from months to days and enables enterprises to create and manage large-scale solutions to support their portfolios of high-performance, highly concurrent analytics use cases.
For more information, visit www.infoworks.io.