- Molecula, an enterprise zero-copy software company reinventing the Data Virtualization category, announced it raised $6 million
Molecula — an enterprise software company reinventing the Data Virtualization category with a focus on performance, portability, and control of data — announced that they have closed an oversubscribed $6 million seed round. And this new round follows their recent rebranding from Pilosa to Molecula earlier this year.
Investors joining the round include Seraph Group, Lontra Ventures, Velar Capital, Capital Factory, Andrew Busey, and Jason Dorsey. These funds will be used to accelerate its product roadmap and to expand its go to market efforts.
As enterprises are using AI and Advanced Analytics to turn their growing data— which is distributed across the enterprise in multiple formats, types, and locations— into insights, the number one bottleneck is the access to all of this data. And current information era techniques involving batching, indexing, federation, aggregation, sampling and caching leads to long information request cycles and make real-time business decisions almost impossible. This is why 80% of all AI and Analytics projects fail to deliver on expectations.
Molecula is known for helping these organizations accelerate and de-risk their analytics and AI projects by making data across multiple sources, types, and locations instantly available through a high performance virtualized access layer. And Molecula’s patented zero-copy data virtualization approach makes a representation of the data securely portable and instantly actionable.
“At the dawn of the intelligence era, it is imperative that organizations build deep analytics and machine-led decision capabilities into the fabric of their culture. To do this, we need a completely new paradigm to replace the debilitating information era techniques that simply make more and more copies of your data just to glean insights from it,” said Molecula CEO Higinio (“H.O.”) Maycotte. “Our approach brings a new set of radical innovations that are orders of magnitude faster, more secure and less expensive to operate than the brute force approaches of today. More importantly, the simple elegance of these new architectures will lay the foundation for a network of data assets that will underpin the human-machine partnership, driving trillions in economic value for enterprises in the coming decade.”
According to Forrester, business stakeholders at the executive and line-of-business levels need data faster in order to keep up with customers, competitors, partners, and declining productivity.
“At Forrester, we believe that organizations have to take a modern approach to future proof their data management architecture by laying a foundation that will deliver analytics at the speed of transactions, a data fabric architecture that overcomes data silos in a multi-cloud environment, and provides decision agility to the business with trusted data,” added Forrester Research Principal Analyst Michele Goetz.
Molecula also announced that its clients and partners include some of the largest brands in the media, entertainment, technology, and healthcare sectors. And key solutions deployed include real-time customer segmentation, real-time security, and fraud detection and accelerating business intelligence and machine learning projects.
“We are using Molecula to analyze fraudulent activity across 100,000,000 monthly login events in real-time. With Molecula and our data pipeline, we are able to analyze this volume of data and allow our teams to focus on innovation to create value for our customers,” explained Q2 Holdings Chief Technology Officer Adam Blue.
