Japan-based ad-tech company FreakOut Group recently led a funding round, where business intelligence startup DataWeave raised an undisclosed amount as a part of the Series A funding round. Silicon Valley-based venture capital investor Herb Madan, and a clutch of unnamed institutional investors from the US also took part in this funding as investors. Funds also came from Blume Ventures, who already were existing investors for the firm.
The startup was found in April 2011 as a language-agnostic trans-firewall analytics platform by Bettadapura and Vikranth Ramanolla. The platform was officially launched in June 2012, and has since then analyzed and aggregated all externally available data relevant to an organization and provides actionable insights. Karthik Bettadapura, Co-founder and CEO, DataWeave comments, “We will deploy these funds to boost our sales, marketing, and customer success initiatives, especially in North America. We will also invest towards scaling our data products.
DataWeave’s trans-firewall analytics solution helps in analyzing external data available in public domain, but spread across a lot of continuously-changing sources. The platform helps user discover, monitor, and visualize public data on the web in a uniform format. The organization currently serves customers across North America, India, Southeast Asia, and the Middle East. “DataWeave delivers real-time actionable insights, which provide businesses a huge competitive advantage across industries and geographies,” extols Yuzuru Honda, Global CEO, FreakOut Holdings, Inc.
The startup had previously raised an undisclosed amount in pre-Series A funding from existing investors, including Blume Ventures, TLabs (Times Internet’s startup accelerator), and Google India managing director Rajan Anandan. Back in 2013, DataWeave had raised another $270,000 from Blume Ventures, TLabs, 5ideas Startup Superfuel, and Meta Studio Advisors. Anandan, Pankaj Jain, Bharathram Thothadri, Krishna Mehra and Abhishek Gupta were the angel investors taking part in this round.
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With a background in Engineering, Amit has assumed the mantle of content analyst at Analytics India Magazine. An audiophile most of the times, with a soul consumed by wanderlust, he strives ahead in the disruptive technology space. In other life, he would invest his time into comics, football, and movies.