siliconindia | | April 20148Mountain View, CA based ElasticBox, an enterprise solutions provider that simplifies the application deployment and management process has raised $9 million in Series A funding from its seed investors including Andreessen Horowitz, Intel Capital, Nexus Venture Partners and Sierra Ventures. The company has raised a total of $12.4 million in funds till now. Previously ElasticBox raised $3.4 million from funding, led by Sierra Ventures and accompanied by AngelPad, Raymond Tonsing and its current investors. ElasticBox was cofounded by Ravi Srivatsav and Alberto Arias Maestro in 2011. Prior to cofounding the company, Ravi served as the VP of Product and Strategy at Social Gaming Network (MindJolt), Director of the MySpace Games and Developer Platform at Fox Interactive Media in Beverly Hills, CA and has worked for Microsoft, IBM, and Rational Software. ElasticBox's goal is to build a platform which will make it as easy as possible to develop, deploy, and manage applications for any cloud infrastructure. The company having around 50 employees, is pioneering a simplified, modular, service-based application development process, where fully configured components of application architecture are encapsulated as "Boxes" and made available as a service."Historically, a healthy tension has existed between developers, IT Operations, and the CIO. Developers need cloud resources on-demand; IT Operations seek to build best practices and streamline the application lifecycle; and the CIO wants to drive business innovation without compromising governance," says Ravi Srivatsav, Co-Founder & CEO, ElasticBox. The ElasticBox platform was purpose-built to enable developers and IT operations to innovate new applications across private, public, or hybrid clouds, without worrying about implementation of the underlying infrastructure. 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.ElasticBox receives $9 Million in Series A FundingClearStory Data Secures $21 Million in Series B FundingRavi SrivatsavSharmila Mulligan
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