Finance

Comcast Ventures Places Bet on Big Data

Joins Zoomdata’s $25M ‘C’ Round 2/17/2016 8:00 AM Eastern

Comcast Ventures said it joined a $25 million “C” round raised by Zoomdata, a Redwood City, Calif.-based Big Data firm focused on “visual analytics” that counts partners such as Amazon Web Services, Cisco Systems, IBM, and Microsoft Azure.

 

Zoomdata, which has raised $47.2 million since its launch in 2012, said the latest round was led by Goldman Sachs’ Principal Strategic Investments Group, along with participation from previous investors Accel, Columbus Nova Technology Partners and NEA. Comcast Ventures is a new investor in Zoomdata.

 

Zoomdata said its patented Data Sharpening technology provides fast visual analytics for real-time streaming and historical data, while its Fusion products bridges big data with “modern and traditional datastores.”

 

Zoomdata said it has added 35 new enterprise customers over the past year, including Cisco, Deloitte and Markerstudy, and launched an AnyCloud initiative to bring big data visual analytics solutions to cloud platforms run by Amazon, CenturyLink, Cisco, Google and Microsoft.

 

“Identifying and investing companies that fundamentally change the way people work and interact is a core pillar of our investment thesis,” Matt Carbonara, a principal at Comcast Ventures, said in this blog post about the investment. “We’re excited to help Zoomdata simplify the ability to analyze enterprise data regardless of where it’s stored.”

Want to read more stories like this?
Get our Free Newsletter Here!
September
October

VR 20/20

The Times Center, New York, NY