US-based data management technology developer Yellowbrick Data has come out of stealth with $44m in series A funding from investors including electronics manufacturer Samsung and internet and technology conglomerate Alphabet.
The corporates, which invested through subsidiaries Samsung Ventures and GV, were joined by Third Point Ventures, the venture capital branch of investment adviser Third Point, and VC firms DFJ and Menlo Ventures.
Founded in 2014, Yellowbrick has created a data warehousing system intended for use by enterprise clients that it claims is 30 times smaller and between 10 and 140 times faster than existing products.
The Yellowbrick Data Warehouse works hybrid cloud networks, incorporating on-premises data centres, private clouds and edge computing, but Yellowbrick plans to expand that to public clouds in 2019.
The company began offering the product in September 2017 and has signed up clients including e-commerce platform Overstock, retail inventory management software provider Symphony RetailAI and telecommunications software producer Teoco Corporation.