Singapore’s ST Telemedia leads $40m funding in big data firm DatameerBIG Data

Temasek-backed investor ST Telemedia had led a $40-million funding round in Datameer, a San Francisco-based big data analytics and visualisation company that seeks to build out its global sales and engineering capabilities.

In a statement, Datameer said its existing investor ST Telemedia was joined by shareholders Redpoint Ventures, Kleiner Perkins, Nextworld Capital, Citi Ventures, and Top Tier Capital Partners in the funding round.

The company said it will use the fresh funding to expand its capabilities in the enterprise data preparation and exploration market and to finance the market introduction of its Neebo solution.

Neebo is a cloud-native self-service solution that allows teams of analytics and data scientists to create, discover, use and share trusted assets in hybrid landscapes, Datameer said.

Datameer CEO Christian Rodatus said Neebo virtualises the complex enterprise systems landscapes without moving data and other assets. Instead, it uses machine learning to help analytics professionals find and create assets, combine them, and publish them to any tool.

The company has already filed five patents for Neebo to bring what it defines as a highly differentiated product to market.

“Neebo is a SaaS solution that enables analytics professionals to kick-start a project in minutes and helps them immediately decrease time-to-insight,” Rodatus said.

Aside from the entirely new SaaS tool, Datameer, founded in 2009 by big data veterans, is also the company behind Datameer X, the data preparation solution for machine learning.

The company said its big data platform is being used by data-driven companies like Citibank, RBC, Optum, Aetna, Anthem, National Instruments, Vivint, among others.

ST Telemedia, the lead investor in the funding round, first invested in Datameer in 2015, marking its first investment in big data and in key emerging technology verticals.

The Singapore-based investor specialises in communications and media, data centres, and infrastructure technology businesses globally.

Its portfolio companies include machine intelligence firm Netomi, South Korean cloud services provider Bespin Global, AIOps solutions firm Moogsoft, digital company Instart, cyber defense provider Armor, and software and services firm Greenwave Systems.

It also recently set up a startup, called Leap, to help Asian companies adopt artificial intelligence and cloud technologies, in line with Singapore’s ambitions to transform the economy through technology.

social experiment by Livio Acerbo #greengroundit #thisisnotapost #thisisart