UNIFi Software Raises $4.45M in Funding To Drive Hadoop
Sunday, December 14, 2014
UNIFi secured $4.45M in financing, led by Canaan Partners, to boost Hadoop in the enterprise. The company also unveiled its Early Access Program. The program is made of several Fortune 500 companies. The IPO is backed by investors to help companies such as Havas Media and Disney in democratizing their data assets.
The environment for executives is challenged with evolving competition. The acquisition and structure of deluging of data from disparate sources are causes organizations to struggle. Disparate sources such as BI systems, spreadsheets, marketing tools, the cloud and warehouses are part of the challenge.
Rob Carlson, CEO & co-founder at UNIFi highlighted that waiting months to gain access to new data assets is no longer tenable; the new norm is reacting in minutes or hours. Carlson stated that reaching this bar will only be possible by enabling the business with smart software that doesn’t require specialized degrees to wield, or millions of dollars in additional infrastructure to process.
UNIFi Software assists organizations in using Hortonworks and Hadoop platforms to improve their data analysis. Organizations can make improvements without the requirement of a team of engineers. This in return can save weeks time of data integration. Organizations are able to derive value across the enterprise.
The funding raised was led by Canaan Partners with other angel investors including Omaha Capital LLC in the round. UNIFi Software is planning to use the funds to grow its business, development of the integration software and data acquisition, and further cultivate its Early Access Program.
It takes approximately over 80 percent of total time by analysts to acquire, locate, integrate and structure the data. UNIFi Software offers a process which takes only minutes instead of the weeks time that IT / Business collaboration can complete. The software enables business a way to self-serve their data assets for the enterprise.
To learn more about UNIFi Software visit http://unifiyourdata.com.
Read more: http://unifiyourdata.com
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