Thursday, November 5, 2015

Cask Data Raises $20 Million for Enterprise-class Apache Hadoop

Cask Data, a start-up based in Palo Alto, California, raised $20 million in Series B funding for its enterprise-class Apache Hadoop solutions.

Cask's flagship offering, the Cask Data Application Platform ("CDAP"), provides an open source layer on top of the Hadoop ecosystem that adds enterprise-class governance, portability, security, scalability and transactional consistency. From Data Lakes to Data Apps, the CDAP platform is ideal for enterprise environments because it abstracts many layers of the Hadoop ecosystem, allowing developers to use their existing skills to build high-performance, large-scale Big Data applications. The company said its approach dramatically accelerates development of applications and deployment into production, cutting average time to implement by more than 80%, while retaining the operational controls required by today's enterprise customers. Major customers and partners include AT&T, Cloudera, Salesforce, Pet360 and Lotame.

The funding was led by Safeguard Scientifics with participation from Battery Ventures, Ignition Partners and other existing investors

"Big data has moved into the mainstream, but enterprises continue to struggle with the complexities and new skill sets required in the Hadoop ecosystem," said Cask Founder and CEO, Jonathan Gray. "Because our platform can layer on top of any distribution, instantly integrate with new and existing data stores, and easily support both Spark or MapReduce, it delivers real value for enterprises in a data-heavy environment, slashing development and deployment timelines. We are excited to be a part of the Safeguard family of partner companies. This financing, along with the operational expertise and guidance from our new board members Phil and Frank, will allow us to take Cask to the next level."

http://www.cask.co

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