Canada-based data analytics and visualisation technology company Plotly has secured $5.5m in a series A round backed by Siemens Venture Capital, the corporate venturing unit of electronics conglomerate Siemens.
MHS Capital, Rho Ventures, Real Ventures and Silicon Valley Bank also contributed to the round, which followed a $1.5m seed round backed by Rho Ventures in 2013.
Plotly has developed a data analytics and visualisation platform that includes a range of tools such as statistics, data exploration and collaboration. It will use the series A funding to expand its engineering and sales teams.
Jack Parmer, founder and chief executive of Plotly, said: “It used to be impossible to collaborate, share data and graphs, and work together on data analysis. We are changing that by making collaboration easy and delightful.
“Making beautiful, interactive graphs and sharing them online has only been possible if you are a developer. We are changing that by giving anyone with an internet connection world-class graphing and statistical tools.”