Newest Winner In Big Data VC Sweepstakes: WibiData Raises $15 Million10:30 AM EST Thu. May. 23, 2013
Big data analysis software developer Wibidata has raised $15 million in venture financing, providing funding the company will use to accelerate its product engineering and development work and ramp up sales and marketing efforts.
The second-round funding was led by Canaan Partners, a new investor, which was joined by New Enterprise Associates and Google Chairman Eric Schmidt, who participated in the company's Series A funding.
San Francisco-based Wibidata develops big data applications that help businesses collect and analyze huge volumes of data in real time. Built on the Kiji project open-source framework, Wibidata's software manages and analyzes huge volumes of data about user behavior, including profile data and log-oriented transactional data, consolidated in one location.
"We really want to give people the opportunity to take advantage of all this data they've been collecting," said Christophe Bisciglia, founder and CEO, in an interview. "It's going to be critical that companies start to use all this data to gain a competitive advantage."
WibiData sells its software through solution providers and systems integrators, as well as direct. Bisciglia said his company's platform and applications provide about 90 percent of the functionality needed by customers in such vertical industries as retail and financial services. Channel partners with expertise in those verticals complete the solutions, he said.
"They have very deep customer relationships and vertical market experience," he said.
Founded in 2010, WibiData is the latest recipient of what's been a deluge of venture funding for young companies and startups focused on big data. Since the start of the year investors have poured more than $400 million into big data companies. Earlier this week big data analytics software vendor Alteryx snagged $12 million in venture funding.
PUBLISHED MAY 23, 2013