Unravel Data, the US-based developer of an optimisation platform for big data software optimisation, has received $15m in a series B round featuring software producer Microsoft’s corporate venturing unit, Microsoft Ventures.
GGV Capital led the round, which also featured fellow venture capital firm counterpart Menlo Ventures. Glenn Solomon, managing partner at GGV Capital, will join Unravel’s board of directors in connection with the round.
Founded in 2013, Unravel Data has built a software platform that helps its enterprise clients monitor and optimise installed big data software applications through a combination of artificial intelligence (AI), machine learning and predictive analytics.
The company will use the series B proceeds to recruit additional sales and marketing personnel as it prepares further product development and improved support for its clients.
Unravel plans to hire vice-presidents for sales and for marketing in the first quarter of 2018 and will also expand its technology bases in the US and India.
The round brought Unravel’s total funding to $23m, according to the company, which emerged from stealth in September 2016 when Menlo led a series A round sized at more than $7m. VC fund Data Elite Ventures had provided it with seed capital and angel investor Jyoti Bansal is also a backer.
Rashmi Gopinath, partner at Microsoft Ventures, said: “Unravel’s AI-driven application performance management platform for big data applications has enormous potential for enterprise customers who are looking to build a self-healing application infrastructure.
“We are excited to support Unravel as they help the world’s largest organisations get the most benefit from their big data deployments.”