Treasure Data Partners With Sierra Ventures, Raises $5M in Oversubscribed Series A Financing

Treasure Data Partners With Sierra Ventures, Raises $5M in Oversubscribed Series A Financing

New Investment To Drive Adoption of its Big Data Analytics Platform in the EnterpriseToday Treasure Data, the cloud-based analytics service, announced today that it has closed $5 million in Series A financing led by Sierra Ventures. This investment will fund global expansion of the company’s operations world-wide. As part of the transaction, Tim Guleri, Managing Director of Sierra Ventures, will join the Treasure Data Board of Directors.Treasure Data is currently the only enterprise solution to deliver Hadoop in Hours not Days at 1/10th the cost of existing data warehouse solutions. With the support of Bill Tai, Yahoo’s Jerry Yang and James Lindenbaum???s new Heavybit accelerator for enterprise IT startups, Treasure Data holds clear disruptive potential.

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