EdgeSpring, an enterprise business intelligence and analytics startup, is emerging from stealth and announcing $11 million in Series A funding from Kleiner Perkins Caufield & Byers and Lightspeed Ventures.
The EdgeSpring platform accelerates the building of analytics applications that parse business intelligence data like sales, financials and more. The company wants to allow businesses to derive insights from data of any size or structure. EdgeSpring says it enables applications to answer first and second order questions across structured and semi-structured data.
CEO and co-founder Vijay Chakravarthy explains that part of EdgeSpring’s secret sauce is in its patent-pending technology. The core of the platform is built around the EdgeMart, a powerful data store and the Lens Framework, a dynamic visualization engine.
The company is also releasing a new application using CrunchBase data to demonstrate the power behind its visualization platform by releasing. Called CrunchEdge, the app is an interactive and multi-layered chart “playground” which maps startup funding data in CrunchBase.
“As enterprises face an explosion of new types of data and as business leaders strive to go from raw data to informed decisions, Big Data Analytics creates tremendous value,” said Ted Schlein, general partner at KPCB. “EdgeSpring is poised to capture a large slice of the Big Data Analytics market with its powerful platform.”
Despite being in stealth, the company has been able to accumulate a number of high-profile customers including AppSense, Demandbase, Docusign, EllieMae, Equinix, Hara, HighWire, Intacct, Lithium, Neustar, Pandora, SpruceMedia, and Xactly.
As companies move towards business applications in the cloud, and generate more data in the cloud, we’re going to see the rise of startups like EdgeSpring who are trying to actually make sense of all of this data.