April - 2014 - issue > Venture Chakra

ClearStory Data Secures $21 Million in Series B Funding

SI Team
Tuesday, April 8, 2014
SI Team
ClearStory Data, the company that’s bringing Data Intelligence to everyone, has raised $21 million in Series B funding. New investor DAG Ventures leads the round, with additional investments from Andreessen Horowitz, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers (KPCB). The round brings ClearStory Data’s total funding to $31.5 million till now. As a part of the funding, the former Google SVP Shona Brown, who was instrumental in building Google’s business and people operations, joined the company’s Board of Directors.
Unlike last-generation data analysis solutions, ClearStory removes the complexity for the end user and brings more data, faster, to more people across the organization. The company’s technology combines a powerful data-processing and data intelligence platform with a simple user application that harmonizes disparate data to help inform decisions and collaboratively drive.
“Data in the workplace now comes from innumerable sources and it has to get easier and faster for business users and analysts to reach answers without relying on IT or data scientists,” says ClearStory Data, CEO, Sharmila Mulligan. “Further, there needs to be a new way for people to collaborate as data gets more abundant, for faster decision making. Our end-to-end solution combines all the data processing, intelligence, and user experience needs to achieve this.”
ClearStory Data’s approach quickly uncovers important answers spanning disparate data sources that other last generation and “big data analytics” technologies simply cannot because they can’t scale, they require time-intensive data modeling, manipulation and they depend on data experts and IT skill sets. ClearStory changes all that with a new approach so that anyone can now access disparate data, use ClearStory’s Intelligent Data Harmonization to converge data on- the-fly, and quickly reach visual, collaborative insights all within a simple user experience. By making it easier and faster, ClearStory opens new doors for every business user and analyst.
Today with this investment ClearStory Data founders Vaibhav Nirvagi and Sharmila Mulligan is charged to scale rapidly to shape next-generation Data Intelligence and change how companies consume data.

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