SAN FRANCISCO--(BUSINESS WIRE)--WibiData, a pioneer developing and servicing Big Data Applications, announced today it has raised $15 million in a Series B funding round led by Canaan Partners with participation from existing investors like NEA and Google Chairman Eric Schmidt. This investment demonstrates a shift in the Big Data ecosystem toward applications that deliver direct value to businesses. In connection with this investment, Canaan Partners’ Ross Fubini has joined the WibiData board. NEA Partner Jon Sakoda will continue to serve on the board.
With WibiData, organizations across industries can deliver personalized user experiences that evolve based on the data collected. Deploying WibiData’s Big Data Applications enables companies to create better, real-time application experiences without the vast engineering resources required at companies like Amazon, Facebook, Google and Netflix.
“Big Data Applications are transformative, mission critical solutions that companies across industries must deploy in order to stay competitive,” said Christophe Bisciglia, Founder and CEO of WibiData. “Customers and investors agree that WibiData’s talented team can deliver on the promise of Big Data Applications. This capital will allow us to keep hiring exceptional talent, build disruptive technology and help organizations enhance the user experience.”
Canaan Partners’ Ross Fubini is poised to bring leadership and product expertise to WibiData with his experience as a successful entrepreneur and investor. “Christophe and the team have been at the vanguard of the Hadoop movement, providing unparalleled insight into the resources involved deploying Hadoop across Fortune 500 companies,” Fubini said. “WibiData’s Big Data Applications will be essential in delivering on the promise that Big Data offers enterprises.”
WibiData applications are based on the open source Kiji Project, which drastically reduces Big Data Application development and deployment cycles. Because business needs vary in the types of data integration, analysis and predictive modeling required, WibiData is building suites of application solutions for vertical industries. For example, a retail Big Data Application suite allows organizations to personalize content, improve search relevance, deliver targeted recommendations and integrate anomaly detection across web properties, mobile devices and in store.
Early adopters of Big Data Applications like Opower, a SaaS company and WibiData customer, are already realizing the benefits of acting on data in real time.
“WibiData’s technology allows us to create a rich user experience and personalized platform that better serves energy consumers,” said Drew Hylbert, VP Technology and Infrastructure at Opower. “WibiData has saved us considerable time and effort building and deploying applications that empower people to make smarter decisions about their energy use.”
Founded by Christophe Bisciglia, previous founder of Cloudera, and Aaron Kimball, creator of Apache Sqoop, WibiData helps enterprises use data to create better application experiences. Organizations, including Opower, Mobile Posse and Atlassian, can move beyond BI and ETL to power dynamic customer interactions with scalable, real-time, data-driven models. Built on top of Apache Hadoop and HBase, WibiData's Big Data Application Server bridges the gap between models that data scientists create and the front-end applications customers use. To learn more, visit www.wibidata.com
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm's long track record includes more than 175 portfolio company IPOs and more than 290 acquisitions. In the U.S., NEA has offices in the Washington, D.C. metropolitan area; Menlo Park, California; and New York City. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.
About Canaan Partners
Canaan Partners invests in entrepreneurs and works alongside them to turn visionary ideas into valuable companies. Since 1987, the firm has catalyzed the growth of disruptive technology startups and healthcare companies revolutionizing the practice of medicine. With $3.4 billion under management and more than 94 acquisitions and 54 IPOs to date, Canaan has funded companies such as Acme Packet, Associated Content (acquired by Yahoo), CommerceOne, DoubleClick (acquired by Google), ID Analytics (acquired by LifeLock), SandForce (acquired by LSI), SuccessFactors (acquired by SAP) and Virsto Software (acquired by VMware). Current technology investments include Blurb, Kabam, Lending Club, Performance Marketing Brands, SOASTA, Tremor Video and Zoosk in the U.S. Canaan maintains a presence in the global innovation hubs of Silicon Valley, New York City, India and Israel. For more information visit www.canaan.com.