LOWELL, Mass.--(BUSINESS WIRE)--Podium Data, provider of a practical, big data platform that accelerates access to critical business data, announced today that it has secured initial financing, led by CommonAngels Ventures. The initial round of financing will fuel company growth and advance early marketplace adoption of the Podium enterprise data management platform, released in August 2014.
Podium Data gained early traction among target customers by addressing a persistent and growing challenge faced by today’s enterprises: fundamental business data is not readily available for decision making. Business leaders are increasing the pressure on IT, requesting self-service access to more data sources, as well as faster consolidation and integration of critical information.
The Podium platform extends the power of big data technologies, delivering the first data lake platform with business ready data. Business users get access to the data they need in a secure, self-service environment with insights continuously captured. With Podium, businesses dramatically reduce their time to answer, enabling informed decision making, agile innovation, improved customer experience and, ultimately, competitive advantage.
Growing demand for a cost-effective data management solution that captures value from vast stores of information is evidenced by the number of customers in the financial services, insurance, healthcare and retail sectors committing to multi-year Podium subscriptions.
“With Podium, we finally have access to essential data we can trust. Podium provides self-service access to all of our data, and has enabled our team of analysts and data scientists to dramatically accelerate analysis and business insights. Podium was installed with data ready for use in 90 days, and began to immediately deliver ROI to our business.”
-Top 20 Pharmaceutical customer
Much of Podium Data’s early success is attributed to its strong leadership team, which is led by visionary founders Paul Barth (CEO) and Steve Richards (COO), and comprised of recognized thought leaders and hands-on experts in big data technologies, data management and business intelligence. With decades of IT experience, the other founding team members —technologists Atif Majid, Michael Howard and Bob Vecchione—inherently understand and can innovatively address the most pressing issues faced by today’s business and IT leaders.
Podium Data will leverage the CommonAngels-led funding to build on its accomplishments of the past year, expand the company’s reach in target markets, and continue to deliver on its mission to help commercial enterprises and government organizations optimize the value of critical data assets.
“Podium Data significantly and cost-effectively advances the ability to make complex business data immediately useful to organizations. CEO Paul Barth is a well-regarded thought leader in big data and a successful serial entrepreneur. CommonAngels Ventures is thrilled to partner with him and the other co-founders in this new enterprise.”
--James Geshwiler, Managing Director, CommonAngels Ventures
About Podium Data
Podium Data is redefining the enterprise data management landscape. The company’s practical high-performance Podium platform continuously captures and integrates data from disparate sources. IT elevates its value contribution by unleashing data to business users who can now access and leverage information on demand. Podium’s proven big data technologies help organizations in all industry sectors optimize the value of their information assets by making trusted business data readily available to stakeholders across the enterprise. Visit http://www.podiumdata.com to learn about how Podium accelerates access to fundamental data, driving the analytics and insights required for dramatic impact.
