Business, Investments, News

CA based big data firm ClearStory raises $21M

clearstorySource: ClearStory Data

ClearStory Data has raised USD 21 million in Series B round of funding, the company announced on Monday. The investment was led by DAG Ventures along with the participation from existing investors viz. Andreessen Horowitz, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers.

The round brings the company’s total funding to USD 31.5 million. The additional funds will be utilised to increase company’s capabilities in areas such as national retail, global financial services, consumer packaged goods and healthcare, per The Wall Street Journal’s  Deborah Gage. The company valuation remain undisclosed.

Founded in year 2011 by Vaibhav Nivargi, ClearStory is developing a new tool for users to conduct self-driven big data exploration. The team is currently headed by Sharmila Shahani-Mulligan as a CEO, Board member and Advisor to the company.

It aims at simplifying data access to internal and external sources, automating data harmonization and blending and enabling fast, collaborative exploration. The company’s end-to-end solution includes an integrated platform along with a simple user application.

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“Data in the workplace now comes from innumerable sources and it has to get easier and faster for business users and analysts to reach answers without relying on IT or data scientists. Further, there needs to be a new way for people to collaborate as data gets more abundant, for faster decision making,” said Sharmila Mulligan in a statement.

In an another announcement, former Google SVP Shona Brown joined the company’s Board of Directors. Brown is known for scaling up Google from just a few hundred to 30,000+ people and become a world-changing company.

To contact the author, email at meha@iamwire.com

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