Follow The Money: 10 Recent Tech VC Investments In March


DataRPM

Headquarters: Fairfax, Va.

CEO: Sundeep Sanghavi
New Funding: $5.1 million
Round: A
Backers: InterWest Partners, CIT GAP Funds

DataRPM is working to break down the barriers to data analytics, which it says are data modeling and usability. Even just the data modeling portion of analysis is a significant cost to companies, DataRPM said, taking up as much as 80 percent of the total time for analytics. The new platform aims to solve that problem with a business intelligence platform that lowers the cost of and improves ease of analysis with an automated data modeling process and using a natural language interface. DataRPM said it will use the Series A funds to push forward its go-to-market strategy.