US-based live data management platform Treasure Data closed a $25m series C round on Monday that included digital marketing firm Dentsu.
The round was co-led by SBI Investment, a venture capital subsidiary of financial services firm SBI Holdings, and public-private partnership Innovation Network Corporation of Japan.
Scale Venture Partners, Sierra Ventures, IT Farm, AME Cloud Ventures and assorted angel investors also participated.
Founded in 2011, Treasure Data operates a cloud-based platform that enables staff to pull and connect real-time data from the cloud, mobile apps and local servers, and extract business insights. The results can then be exported to tools such as Salesforce or Tableau.
The funding will support the launch of the company’s live data management platform this week.
Treasure Data has now raised a total of $53m in funding, according to its latest press release. Its past funding was provided by Sierra Ventures, Scale Ventures, AME Cloud Ventures, IT Farm and startup accelerator Heavybit, as well as assorted angel investors.
Hiro Yoshikawa, chief executive and co-founder of Treasure Data, said: “Since 2000, half of the companies that were in the Fortune 500 have been disrupted into extinction, due in part to slow reaction to market signals and shifts in customer behaviour.
“While their own data could have told this story and allowed them to adapt – they just could not see it in time. Data is today’s strategic weapon for competitive advantage, proven by the most successful algorithm-driven businesses like Google, Netflix, Amazon and Facebook.
“With a live data management platform, any organisation can immediately have a modern data stack, revealing a complete picture of their business to make better decisions – without investing years and massive engineering resources.”
– The original version of this article appeared on our sister site, Global Government Venturing.