Iguazio nabs $33M to bring big data edge analytics to IoT, finance and other enterprises Posted on : Jul 25 - 2017

Big data analytics — where vast troves of information are structured and used to help businesses gain more insights into their operations and customers, to develop new products, and to run more efficiently — are a cornerstone of how many tech-centric enterprises run their businesses today. Now the focus is on building solutions that the rest of the enterprise world can use, even if the business itself is not necessarily tech-centric.

Today, an Israeli startup called Iguazio — which has built an “edge data” analytics platform targeting IoT, finance and other services that require real-time processing — is announcing that it has raised $33 million in funding to build out its service.

We understand from sources the company’s valuation is around $100 million.

Iguazio — a wordplay on Iguazu Falls, which itself is in reference to how big data is like a voluminous, fast-moving and complex waterfall — has been around since 2014, but has spent much of that time in stealth and closed beta.

It’s been a closely-watched and fruitful period for the company. Iguazio has to date raised $48 million and it counts a number of its investors as beta users.

This latest Series B was led by Pitango Venture Capital, and others in the round included four strategic investors: Verizon Ventures, Robert Bosch Venture Capital GmbH (RBVC), trading platform CME Ventures and Dell Technologies Capital. Other previous investors (from its $15 million Series A when it was still in stealth) that participated in this round include Magma Venture Partners and Jerusalem Venture Partners (Dell was also in this first round, although that news was not made public at the time).

Each strategic investor in this latest round points to verticals where Iguazio believes its business has the potential to develop, CEO and co-founder Asaf Somekh told me in an interview. View More