Upsolver raises $13M to drive cloud data lakes adoption among database practitioners

Funding Rounds

▤ Summary

SUNNYVALE, Calif. & TEL AVIV, Israel--(BUSINESS WIRE)--Upsolver, which provides software that eliminates the high engineering overhead of operating cloud data lakes, raised $13 million in Series A financing. This separation dramatically reduces both cost and dependency on one database vendor, but it introduces a new engineering complexity — each piece must get configured, optimized, and synchronized with the rest. Additional investors include Wing, which made an early-stage investment in Snowflake, Jeff Rothschild, founder of Veritas and First Senior Technology Executive at Facebook, and Sohaib Abbasi, former CEO and Chairman of Informatica. For more information, visit vertexventures.com Founded in 2013, Wing works with ambitious founders to enable the Modern Enterprise, which is an agile workplace built on data and powered by AI. JVP has raised $1.4 billion, has built over 140 companies, and has been listed numerous times by Preqin, as one of the top-ten consistently performing VC firms worldwide.

$ Funding

$
Amount $13.3M Total raised
□
Date June 30, 2020 Announcement date
◎
Investors - Lead investors
▥
Company https://www.upsolver.com/ Funded company

▥ Classifications

industries
No industries detected
applications
Business Intelligence

◇ AskAI Classifications

Labels
Data Analytics Software Cloud Data Engineering SaaS

▦ Linked Companies

Upsolver
$1M to $5M