Unravel Data has secured $15 million in Series B financing led by GGV Capital, with Microsoft Ventures and Menlo Ventures also participating.
This brings the company’s total funding to $23 million.
The investment will be used to increase sales and marketing staff and boost product development. The funding will allow Unravel to help more enterprises optimize their growing Big Data deployments.
In addition, Glenn Solomon, Managing Partner at GGV Capital, will join Unravel’s Board of Directors.
“Unravel Data has emerged as the clear leader in application performance management for Big Data systems. At GGV Capital, we seek to invest in innovators addressing huge markets with world class technology,” said Glenn Solomon. “We’ve spoken to several Unravel customers and prospects, and we’ve heard unanimously that Unravel’s performance management and visibility solution is a must have for Big Data environments, the return on investment is rapid and meaningful, and the technology is unique and best in class. Unravel’s growing list of customers across financial services, healthcare and technology are extremely happy, and the future is very bright for the company.”
“Unravel's AI-driven APM platform for Big Data applications has enormous potential for enterprise customers who are looking to build a self-healing application infrastructure,” said Rashmi Gopinath, Partner, Microsoft Ventures. “We're excited to support Unravel as they help the world's largest organizations get the most benefit from their Big Data deployments.”
“We’ve reached an inflection point where enterprises are running mission critical applications on big data platforms across their organization. Now they’re looking for ways to ensure that their entire stack works like a well-oiled machine. That’s where APM comes in. Our customer base and revenue grew by 300% and we achieved a 100% renewal rate in 2017,” said Kunal Agarwal, CEO, Unravel Data. “We are thrilled to have strong partners such as GGV Capital and Microsoft Ventures join our team along with Menlo Ventures. The response from customers and investors makes it clear: the industry is ready for APM for Big Data.”
Unravel will add a Vice President of Sales and Vice President of Marketing in Q1 2018, and will expand its technology team in both India and Menlo Park.
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