US-based real-time analytics platform developer Incorta has raised $15m in a series B round featuring GV, an investment subsidiary of internet technology group Alphabet.
Venture capital firm Kleiner Perkins Caufield & Byers led the round, which included Ron Wohl, an angel investor that also contributed to Incorta’s $10m series A round in March this year, which was led by GV.
Founded in 2013, Incorta aims to eliminate the need for data warehouses with a software platform that maps data at a massive scale, enabling enterprise users to gain real-time business insights into complex records.
The software can be used on cloud computing platforms Google Cloud, Microsoft Azure and Amazon Web Services.
Incorta co-founder and CEO Osama Elkady said the new capital would be used to boost product development and increase investment in sales and marketing, stating: “The response to our direct data mapping technology launched in March far exceeds our initial expectations.
“We are signing new customers at a record rate, while existing Fortune 500 customers are expanding their implementations and re-signing seven-figure contracts with us.”