This latest investment round enables further global expansion and the evolution of data and analytics with augmented technologies.
Shanghai, China, March 28, 2019 — Kyligence, founded by the creators of the leading OLAP for Big Data project, Apache Kylin, today announced it has closed $25 million in a Series C funding round. The round was led by Coatue Management, with participation from existing Kyligence investors, Redpoint Ventures, Shunwei Capital and Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited). As part of its investment, Coatue Management partner Daniel Senft has joined the Kyligence Board of Directors.
Kyligence delivers an augmented data analytics platform, powered by Apache Kylin, to accelerate mission-critical business decisions. Its machine-learning, engine-automating data model accelerates and optimizes user and analyst behavior and query history both on premise and in multi-cloud.
Earlier this year, Kyligence opened its US headquarters in San Jose to better serve customers and partners in the Americas. “Kyligence has displayed impressive growth. We see enormous opportunity for the company and look forward to helping the talented team at Kyligence accelerate its expansion in high-growth markets,” said Daniel Senft, Senior Managing Director at Coatue Management.
“Kyligence is one of the best big data teams in China. The company has demonstrated compelling potential with its continuous breakthrough in product innovation, talent and customer acquisition, “said David Yuan, founder and managing partner of Redpoint China Ventures. “As the first investor in Kyligence, we are excited to witness its completion of the latest round of financing. The company has experienced strong momentum by becoming China’s top original open source big data software company. We are very bullish about its future.”
Joe Chang, Partner at Eight Roads Ventures China, added his perspective on the platform: “Kyligence’s solutions are already being trialed by enterprises all around the world, including Fidelity International. The addition of Coatue as a highly regarded and accomplished US technology investor further validates the appeal of Kyligence’s data-ready EDW solution across global markets.”
As part of today’s announcement, Debashis Saha, VP of Platform at Intuit, has joined the Company as Board Advisor. “I am thrilled to be a part of the Kyligence family. It's been amazing to see the success of Kylin from the beginning and I am very proud of how the team has built the company and evolved the product to serve the biggest data needs of enterprises today,” said Debashis Saha. “It solves very important needs of each and every enterprise across global markets - data intelligence, the ability to democratize data for employees and to provide customers with personalized, intelligent and data driven products.”
The successful Series C funding further supports Kyligence’s innovation in the augmented analytics market. The company will continue to invest in its core technology and products to make data analytics with Kylin easier, faster and more productive, and to integrate with other Cloud, Big Data and Business Intelligence providers to enable flexibility for global customers.
“Apache Kylin has been adopted by more than 1000 enterprises globally, demonstrating the value of accelerating mission-critical analytics on Big Data platforms,” said Luke Han, Co-Founder and CEO at Kyligence. “Our customers demand intelligence, a testament to our company’s name, so this funding will advance our investment in research and development and enhance our go-to-market strategy globally.”
Apache Kylin delivers game-changing technology for analyzing data instantly at petabyte scale and has been adopted by thousands of organizations worldwide. Founded by the creators of Apache Kylin, Kyligence is on a mission to accelerate the productivity of its customers by automating data management, discovery, interaction, and insight generation – all without barriers. Kyligence provides an AI augmented data platform, powered by Apache Kylin, for analysts and data engineers to build and manage their data services from on-premises to multi-cloud.
Venture-backed by Redpoint Ventures, Cisco, China Broadband Capital, Shunwei Capital, Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited) and Coatue Management, Kyligence serves a global customer base that includes L’OREAL, Xactly, China Merchants Bank, China UnionPay and Huawei.
Kyligence is dual headquartered in San Jose, California, United States and Shanghai, China.
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