A serverless data platform Datacoral has raised funds amounting to $10 million Series A financing round. This round was led by Madrona Venture Group. Along with this, existing backer Social Capital also participated in this particular funding.
The company is planning to use the funds so raised to grow its business team in order to be able to reach more potential customers and to expand its engineering team.
The company offers enterprises an end-to-end data infrastructure that will allow businesses and their data scientists to focus on generating insights over having to manage and integrate their data sources.
“We have built a platform that easily and automatically brings together data from different applications and databases, organizes that data in any query engine and acts on insights that are critical to running their business. A crucial component is that it works securely and privately within the customer’s cloud, instead of us ingesting data from their systems,” Datacoral CEO Raghu Murthy stated.
Murthy has been an early engineer at Facebook and part of the team that was in charge of scaling that company’s data infrastructure. Also, he used to run a part of the engineering team at Bebop, Diane Greene’s startup that was later acquired by Google.
To scale Datacoral, the team is betting on a serverless platform itself. It’s making extensive use of AWS Lambda and other PaaS solutions on Amazon’s cloud computing platform.
“We plan to work across all of the top cloud providers by leveraging their unique services and provide a consistent ‘data-centric interface’ to our customers — essentially be ‘cloud best’ instead of ‘cloud agnostic,” Murthy said.
Current Datacoral users include Greenhouse, Front, Ezetap, Swing Education, mPharma and Mason Finance.