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SlamData Secures $6.7MM Series A to Support Modern Data in the EnterpriseBOULDER, Colo., Feb. 22, 2017 /PRNewswire/ -- SlamData Inc., the leading open source analytics company for modern unstructured data today announced that it has raised a $6.7M Series A funding round, led by Shasta Ventures. The investment will drive further development of the firm's breakthrough analytics solution: a single application for natively exploring, visualizing and embedding analytics against unstructured data sources including NoSQL, Hadoop, and cloud API's.
"The BI industry has failed to help enterprises deal with the data complexity that's spiraling out of control," said Jeff Carr, CEO and co-Founder of SlamData. "SlamData has grown quickly by helping enterprises gain immediate insight into their businesses. Our customers are eliminating up to 80% of the time and costs related to the traditional way of doing business intelligence such as ETL, mapping, and data warehouses, datamarts and other forms of data prep." SlamData launched its open source solution in 2014, supporting MongoDB. Since then the company has added support for Couchbase, Marklogic, and Spark/Hadoop. SlamData uses a SQL dialect as a standard across all of its supported data sources, offering radical simplicity to companies that utilize numerous database technologies. According to Carr, the new funding round will support the expansion of its executive team, starting with Sreeni Iyer who is joining the company as senior vice president of Engineering and will lead the development of the SlamData platform. Previously Iyer was formerly CTO/CIO and co-Founder of Quad Analytix. He also served as director of WorldWide Solutions at Terracotta nd the director of Platform Infrastructure Engineering at Shutterfly. Most recently, he was the Entrepreneur in Residence at Shasta Ventures. "SlamData is an enterprise game-changer. They are the first company that lets you write once to any kind of data source – transforming how today's businesses can quickly explore, analyze and derive value from their ever-increasing data sources," said Nitin Chopra, Principal at Shasta Ventures. "We're thrilled to support Jeff and his team as they execute on their vision to help businesses make sense of today's modern fragmented data." SlamData's roadmap includes new user interface (UI) features and new data sources featuring real-time and streaming analytics, integration with machine learning providers, RDBMS integration (including RedShift, Oracle, and SQL Server), distributed joins, and richer, high-density interactive data visualizations. For more information on SlamData, visit www.slamdata.com. About SlamData About Shasta Ventures Contact Information Related Images This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/slamdata-secures-67mm-series-a-to-support-modern-data-in-the-enterprise-300411752.html SOURCE SlamData 
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