- Data warehouse virtualization company Datometry announced it raised $17 million in Series B funding
Datometry, a data warehouse virtualization company led by founder and CEO Mike Waas, announced it has raised $17 million Series B funding led by WRVI Capital with participation from previous investors including Amarjit Gill, Dell Technologies Capital, Redline Capital, and Acorn Pacific according to VentureBeat
Including this round, Datometry has raised a total of $30 million. With this round of funding, the company will accelerate its go-to-market activities with partners such as Microsoft Azure, Amazon Web Services, and Google Cloud.
“Replacing a legacy data warehouse with a modern cloud data warehouse is one of the most rewarding, but also the toughest, challenges IT leaders are currently facing,” said Waas via VentureBeat.
Datometry’s Hyper-Q is known for enabling existing apps to run natively on cloud data warehouses without the need to change SQL and the domain-specific language used to manage data in a relational database. It uses a technique called “adaptive data virtualization.”
Essentially, Datometry helps move data and apps to the cloud. And it can be done without having to change the SQL or APIs. And with virtualization, it reduces the time to migrate from years to months or weeks.
Datometry has a number of customers spread across the retail, healthcare, telecommunications, and manufacturing industries in the Fortune 500 and Global 2000.
With this round of funding, the company is planning to set up a partner network with systems integrators for helping with implementation.