Goldman Sachs invests in big data insights firm Zoomdata
16 February 2016 | 6871 views | 0
Goldman Sachs has led a $25 million Series C equity financing round in Zoomdata, a supplier of fast visual analytics for real-time streaming and historical data.
Alongside the money from Goldman, new investor Comcast Ventures and previous investors Accel, Columbus Nova Technology Partners, NEA and Razor's Edge also participated in the round.
Zoomdata has now raised a total of $47.2 million in private investment since its launch in 2012. Over the past year, the company added 35 new enterprise customers including Cisco, Deloitte and Markerstudy to its Fusion platform, which provides first-look insights into big data streams either on cloud or via inhouse applications.
As part of the latest investment, Rana Yared, managing director in the Principal Strategic Investments Group at Goldman Sachs, was named to the Zoomdata board of directors. Hilary Packer, MD in the Technology Division at Goldman Sachs, will join Zoomdata's Advisory Board.
"In today's fast-paced, evolving financial marketplace, data is at the core of everything we do," says Yared. "We are excited to work with Zoomdata as they continue to develop products that enable clients to extract real value through intelligent analysis of financial data."