DataGravity, a stealthy data storage analytics company, has raised $30 million in series B funding led by Andreessen Horowitz with existing investors Charles River Ventures and General Catalyst Partners participating in the round. This brings the company’s total funding to $42 million.
With the company is still in stealth mode, there aren’t too many details to share about the product. However, co-founder Paula Long shared with us that goal of DataGravity is around the simplification of extracting data intelligence from storage. “Companies’ storage knows a lot more about businesses that what is being told with current systems,” she explains.
“A company’s storage knows about who is sharing, everyday interactions with content, the flow of content and other valuable business insights. We are turning this data into information.” The key is helping IT managers and administrators extract value and information from stored data.
She adds that the product, which will be ready in 2014, will be going after mid-market where companies are unlikely to have in-house data scientists working on this problem.
Peter Levine, partner at Andreessen Horowitz, says that the team’s technical and operation expertise, combined with the product, is “an unbeatable value proposition”. “There’s a renaissance underway in enterprise computing, and DataGravity is among the pioneering companies doing the hard work of solving intractable enterprise challenges,” he says. Levine will join the DataGravity board of directors.
The startup’s founders are Paula Long, one of the founders of enterprise storage company EqualLogic (which was acquired by Dell in 2008), and John Joseph, former vice president of marketing and product management at EqualLogic. Clearly, both have deep experience in the data storage market.
The new funding will be used to further shape and develop the product and for the company’s go-to market strategy.