(CodexSerafinius/Shutterstock)
Knowledge virtualization firm Denodo bucked the general tech funding slowdown immediately with information of a large $336 million Collection B spherical by a non-public fairness agency.
Denodo Applied sciences traces its roots again to 1999, when Angel Viña, a professor on the College of A Coruña, had an thought on the right way to clear up an information integration problem that had bedeviled many through the years. Thus was born Denodo and its idea of information virtualization.
As an alternative of frequently making copies of information to be used in analytics or AI initiatives, as many organizations do immediately, Denodo advocates that clients use a type of information virtualization that permits them to make use of the information for analytics or information science functions, however with out copying it or bodily transferring it to a brand new location.
The corporate’s information virtualization expertise matches into a bigger information cloth providing, dubbed Denodo Enterprise, that gives customers with ruled, self-service entry to disparate information units. Denodo helps greater than 200 information adapters for supply information methods, together with databases, file methods, cloud object shops, functions, and even Kafka streams. Searching from an built-in information catalog, customers can entry this information for consumption in BI and information science instruments through APIs, together with REST and GraphQL.
The Palo Alto, California firm claims that its information cloth providing can result in important financial savings, together with a 400% return on funding (ROI) amounting to hundreds of thousands of {dollars}. Its method has helped it land some premiere clients through the years, together with Albertsons, Gilead, Logitech, Seagate, T-Cell, and Volvo.
In recent times, the corporate has expanded internationally with new places of work in South Korea, Sweden, and Thailand in 2022. At the moment, the corporate had 25 places of work spanning 20 nations. The brand new $336 million funding from TPG Development, the “progress fairness” arm of TPG Inc. (previously Texas Pacific Group), will allow the corporate to maintain increasing.
The funding by TPG Development consists of each major capital in addition to a secondary sale of shares by HGGC, the personal fairness agency backed by former NFL quarterback Steve Younger that had beforehand invested in Denodo. The transaction is predicted to shut in early October as a part of Denodo’s Collection B most popular fairness spherical.
Mike Zappert, a companion at TPG, says Denodo has established itself as a worldwide chief in information administration. “Denodo’s distinctive information virtualization software program, which permits enterprises to create unified views of disparate information sources that may be queried simply with out transferring them, has powered spectacular, worthwhile progress,” Zappert says.
Angel Viña, the founder and CEO of Denodo
Viña, the founder and CEO of Denodo, says he welcomes TPG’s funding, which he says might be used to speed up international enlargement.
“By investing in Denodo at this upward stage of our progress, TPG is demonstrating that it has sturdy confidence in our distinctive logical-first method to information administration, which simplifies the entry and integration of all information property within the company information property to speed up and democratize information utilization, obtain increased ranges of safety and regulatory compliance, and dramatically enhance operational effectivity,” Viña writes in a weblog.
Associated Objects:
Knowledge Materials Emerge to Soothe Cloud Knowledge Administration Nightmares
4 Steps to Remodeling Your Group with Knowledge Virtualization
Knowledge Mesh Vs. Knowledge Cloth: Understanding the Variations
