Nexla Secures $12 Million in Latest Funding Round

Nexla, the unified data operations company, today announced it has secured $12 million in a Series A funding round, enabling the company to continue to deliver on growing enterprise demand for ready-to-use data.

The investment round was led by Industry Ventures with participation from  Liberty Global Ventures, Blumberg Capital, Engineering Capital, Storm Ventures, and Correlation Ventures.  Sohaib Abbasi (ex-CEO, Informatica), Mike Tuchen (ex-CEO, Talend), Adarsh Nair (CEO, Airtel Digital), and Santosh Janardhan (VP Infrastructure, Facebook)  joined as strategic Angel investors.

Founded in 2016, Nexla streamlines the process of getting ready-to-use data to more applications and more users without having to use tens of different tools.

It provides a unified platform that brings together capabilities to integrate, transform, deliver, and monitor data in a collaborative no-code/low-code manner, according to the vendor.

These capabilities are powered by a “data fabric architecture”  using continuous metadata intelligence which automatically  generates logical data products called Nexsets.

Built for analysts, data scientists, front-line staff, and data engineers, Nexla is covering the gap between data experts and data systems experts with a highly collaborative environment for people of all skill levels through a combination of  Web UI, APIs, SDK and Command Line Interface (CLI).

This means data users can create their own automated data flows getting the data they need where they need it without waiting for expert data engineers. This quick time to value and business agility is ultimately what data operations is all about, according to the vendor.

“We are seeing an incredible appetite for data in enterprise. Nexla is uniquely positioned to help enterprises get ready-to-use data from everywhere. We are pleased to have the opportunity to bring new investors onboard as we continue to deliver on our vision,” said Saket Saurabh, co-founder and CEO of Nexla. “With this capital we will be expanding our reach to smaller companies that increasingly need the same powerful data capabilities that our mid-size and large enterprise customers love.”

Data teams at companies like LinkedIn, Instacart, Poshmark, Freshworks, LiveRamp, Marchex, Varsity Tutors, and Bed Bath and Beyond are already using Nexla to solve their most complex data flow, data observability, and data transformation use cases.

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