DataOps Company K2View Raises $28M, Plans Accelerated Go-To-Market Effort

Vendor’s data fabric technology and related tools provide users and applications with real-time access to widely distributed data.

DataOps software developer K2View has raised $28 million in a round of funding that the company will use to fuel its go-to-market efforts, the company said Tuesday.

The funding round was led by Forestay Capital with additional funding from Genesis Partners. The company said it is expanding into vertical markets that will benefit from the company’s DataOps software including telecommunications, financial services, healthcare, insurance and logistics.

The funding comes as K2View said sales are growing at more than a 75 percent CAGR and the company had a strong first half of 2020.

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K2View, based in Dallas with offices in Tel Aviv, Israel, develops a “data fabric” platform and related data integration and data delivery software that businesses and organizations use to provide users with real-time access to data that is scattered throughout many systems and data sources.

“As we look to the next stage of our growth, our vision is to continue helping companies unlock their potential by providing a faster, better and more cost-effective way to access and control data,” said founder and CEO Achi Rotem, in a statement. “To achieve funding of this size in the midst of a worldwide pandemic further proves our business potential.”

K2View maintains that businesses today are moving away an application-driven IT model to a data-driven model – what the vendor calls “DataOps.” But with data often spread across multiple on-premises and cloud-based operational systems and data stores, providing users with access to the data they need, when they need it, is a challenge.

The company’s flagship K2View Fabric platform, launched in 2015, creates a 360-degree view of all data, making it possible to “operationalize data” by connecting data from virtually any source to any application. The company’s technology stores data in “secure micro databases” and makes it available in real time to any application, device or service.

The company holds a patent for the “logical unit technology” within its micro database software and in May was award a second patent by the U.S. Patent and Trademark Office for the technology used to encrypt stored data. The vendor’s product lineup also includes K2View ADI (advanced data integration) and K2View TDM (test data management).

K2View says that data integration and management projects that can take months or even years with traditional data management tools and techniques can be accomplished in weeks with its software. Potential use cases include test data management, customer data hubs and compliance with data privacy regulations, the company said.