Tel Aviv and San Francisco-based Panoply.io, a complex infrastructure startup, has secured $7 million in Series A funding. Intel Capital led the round with participation from previous backer Blumberg Capital.
Panoply.io, the Tel Aviv and San Francisco based startup that enables companies to implement complex analytics cloud infrastructure with a click of a button, announced today a $7 million Series A led by Intel Capital, with participation from previous investor Blumberg Capital.
In the post-Heroku world, virtualizing and automating complex infrastructure into usable and intuitive platforms is permeating across the stack. Panoply.io has taken this approach all the way to the data warehouse and analytics infrastructure, with the vision of making analytics infrastructure as simple as spinning up an AWS server.
Panoply.io launched its closed beta platform in late 2015 and has since onboarded customers in the US, Europe and Israel. The main users of Panoply.io are teams of data engineers and system administrators, who use the service to automatically integrate data from multiple sources and seamlessly model it into a fully scalable, managed stack of data technologies. “It’s remarkable that what once required teams of engineers can now be accomplished with a click,” said Yaniv Leven, Co-Founder and CEO of Panoply.io. “With Panoply.io, complex tasks like schema building and altering, data mining, complex modelling, scaling, performance tuning, security, backup and more are all handled by an array of machine learning algorithms.”
Panoply.io’s full stack Analytics Infrastructure-as-a-service incorporates a set of best of breed data technologies including Kafka, Elastic, Spark and Amazon Redshift. Ushering in a continuously managed, optimized and scalable cloud infrastructure, it takes customers from raw data to complex queries in as little as 12 minutes.
“Companies of every size are trying to figure out how to extract value from their data, and a big challenge is making big data systems easier to deploy,” said Intel Capital President Wendell Brooks. “Panoply has developed an elegant, unique and clearly needed solution that addresses a largely untapped market – and has the potential to integrate with Intel’s ecosystem of analytical data technologies like Cloudera.”
Today’s companies are becoming more and more data oriented, and smaller entities are using exponentially growing data, but the problem of setting up and managing analytics infrastructure is still labor intensive. Panoply.io sees this exponential growth of data utilization and fragmentation, as an opportunity to advance the data utilization world to the next level.
“We see a number of opportunities in today’s markets, specifically in the untapped SMB market that requires a real turnkey solution. This market is our core focus at the moment,” said Leven. “As Panoply.io’s algorithms automatically handle optimization and scale, in the near future, we will also address Fortune 1000 companies setting up processes to migrate their analytical infrastructure to the cloud. These companies are setting up multiyear projects; we can do it tomorrow.”
Panoply.io will be opening up its beta to all by the end of the summer and will be using the new round of funding to increase the size of its sales, marketing and customer support efforts in the Bay Area. “Apart from our SF presence, the funding will allow us to significantly invest in our BI and data integration partnerships, as well as offer Panoply.io across other major cloud providers like Azure, Google Cloud Platform, and more,” said Leven. “It’s all about solving the labor-and-time-intensive issues for engineers who really need to focus on more important things”
About Intel Capital
Intel Capital, Intel’s strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US $11.7 billion in 1,457 companies in 57 countries, and 605 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel’s customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.