JethroData has closed its latest funding round and will be using the money to increase investment in sales, marketing, and the development of JethroData’s unique technology.
JethroData closed an $8.1 million Series B financing round led by Square Peg Capital, and including existing investor Pitango Venture Capital.
This funding round comes on the heels of the general availability of JethroData’s SQL-on-Hadoop software, which uses indexes to query data up to 100 times faster than alternative SQL on Hadoop solutions.
“Business intelligence is still hampered in the big data world by slow access to Hadoop data,” said Eli Singer, co-founder and CEO, JethroData. “JethroData solves that issue, allowing BI on big data at a speed that users currently experience with their EDW systems.”
JethroData works with popular business intelligence (BI) solutions, including Qlik, Tableau and MicroStrategy, to enable faster access to data and allow for true interactive BI.
JethroData combined search engine indexing technology with modern column store database design to create its SQL-on-Hadoop software.
JethroData’s SQL-on-Hadoop solution helps the growing business demand for storing vast amounts of data while providing lightning-fast queries.
The company’s full-indexing technology enables BI users to enjoy interactive responses with big data.
JethroData works with any BI tool through a standard ODBC/JDBC interface, and is compatible with Hadoop distributions, including Cloudera, Hortonworks, MapR and Amazon.
“JethroData is empowering enterprises to gain insights at the speed of business,” Singer said. “With the support of Square Peg and Pitango, we’re bringing interactive BI on big data to the enterprise.”
For more information about the latest funding development and Jethrodata’s SQL-on-Hadoop solution, visit www.jethrodata.com.