“Replacing a legacy data warehouse with a modern cloud data warehouse is one of the most rewarding — yet, toughest — challenges IT leaders are currently facing"
SAN FRANCISCO (PRWEB) February 13, 2020
Datometry, Inc., the leader in data warehouse virtualization, today announced it has raised $17 million in Series B funding led by WRVI Capital with participation from previous investors, including Nepenthe, Dell Technologies Capital, Redline Capital, and Acorn Pacific.
Datometry will use this new investment to accelerate go-to-market activities with its partners, Microsoft Azure, Amazon Web Services, and Google Cloud Platform as well as select systems integrators.
Global enterprises pushing to accelerate the move of their most valuable data to the cloud are challenged by lock-in from legacy data warehouse vendors. Existing business applications that have been developed and configured for legacy systems do not work with modern cloud data warehouses. Up until recently, enterprises had no choice but undergo a highly disruptive process of rewriting and reprogramming of their entire application ecosystem; a costly multi-year process that was associated with high risk.
Datometry liberates enterprises by neutralizing vendor lock-in from legacy systems. The Datometry Hyper-Q Platform lets existing applications run as-is, directly on a cloud data warehouse—without requiring any code changes. Existing applications become instantly interoperable with modern data technology. Datometry eliminates the need for time-consuming, costly, and risk-laden migration projects.
“Replacing a legacy data warehouse with a modern cloud data warehouse is one of the most rewarding, but also the toughest, challenges IT leaders are currently facing,” said Mike Waas, CEO, Datometry. “Our Hyper-Q platform redefines this transformation entirely: we give enterprises a software-based, simple, and reliable path. All at a fraction of the cost. We provide both, cloud vendors and enterprises, unique means to improve their competitive posture significantly.”
“At WRVI Capital, we look for innovative technology solutions that solve fundamental problems that enterprises are grappling with as they transition to Cloud. Datometry enables a very seamless way for enterprises to adopt latest cloud infrastructure capabilities with maximum functionality. We are thrilled to back the Datometry team whose vision and execution capability perfectly matches the market needs at the current time, “says Sriram Viswanathan, Founding Managing Partner, WRVI Capital.
“We continue to witness today’s modern enterprises struggle to execute a cloud-first strategy, specifically as it relates to migrating business critical applications to the cloud,” said Creighton Hicks, Partner, Dell Technologies Capital. “Datometry has enabled companies to embrace a more cost-effective approach to cloud migration by unlocking the barrier at the heart of any migration: the data warehouse. We’re excited to continue to back and invest in a company that can offer its partners a truly disruptive solution to such an increasingly evident problem.”
Datometry works with some of the most iconic brands in the Fortune 500 and Forbes Global 2000. Through its partnerships with Microsoft Azure, Amazon Web Services, and Google Cloud Platform, as well as top-tier systems integrators, Datometry helps enterprises unlock the benefits of the cloud while laying the foundation for a comprehensive architecture for virtualized data management.
Datometry is the new virtualization paradigm for the cloud. The Datometry Hyper-Q platform brings unprecedented simplicity to enterprises that want the benefits of modern cloud databases without the complexity of reinventing existing applications and business processes. Datometry counts many of the most advanced enterprises in the Fortune 500 and Global 2000 among its customers. For additional information about Datometry, please visit https://www.datometry.com.
About WRVI Capital
WRVI Capital is a leading venture capital firm that invests in exceptional entrepreneurs and disruptive technologies that will help shape the future. The WRVI Capital management team and investment professionals leverage over 400 years of aggregate investment and operational experience and bring to the portfolio companies a deep and unmatched network of value-added strategic relationships. WRVI Capital invests globally and has offices in California, Israel, and India. For further information about WRVI Capital, please visit http://www.wrvi.vc
About Dell Technologies Capital
The Dell Technologies Capital investment team is comprised of company builders with the mission of helping founders and their teams develop innovative technology solutions and bring them to market. They are active investors, sustaining an investment pace of approximately $150 million a year. As the global investment practice for the Dell Technologies family of businesses (Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware), Dell Technologies Capital offers deep business and technical expertise and unparalleled go-to-market assistance to our portfolio companies. After operating in stealth for five years, the venture practice emerged publicly in 2017. Headquartered in Palo Alto, Calif., Dell Technologies Capital currently has offices in Boston, Austin and Herzliya, Israel. For more information visit http://www.delltechnologies.com/capital
About Redline Capital
Redline Capital are a global Venture Capital and Growth Equity fund investing in fast-growing companies with differentiated technologies across North America, Europe, and Israel. Redline focuses on entrepreneurs who are transforming industries and has the depth of expertise to help transformative entrepreneurs as they globalize. Redline is looking to back strong management teams, enable their vision & strategy and lend its support through all stages of their development. For more information about Redline Capital, please visit http://www.redline-capital.com
About Acorn Pacific Ventures
Acorn Pacific Ventures is a Silicon Valley based VC firm. The Acorn Pacific team has startup, executive, and decades of VC experience across Silicon Valley, Beijing, Shanghai, and Taipei. It currently focuses on investing in early & growth stage technology companies in California, riding the digital transformation wave, with a preference for those with high Pan-Pacific potential. For further information about Acorn Pacific, please visit http://www.acornpacific.ventures