Xplenty, an Israeli big data processing platform powered by Hadoop, raised $3 million in Series A funding from Waarde Capital and existing seed investor Magma Venture Partners of Israel.
The company said that the investment will allow it to expand its platform’s features and continue to grow globally.
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Based in Tel Aviv, Xplenty also announced that it will now offer its big data processing technology directly to customers in the United States.
The company boasts that it enables organizations to integrate, process, and prepare data for analytics both on the cloud and on premise, without any Hadoop expertise or background writing code.
Hadoop is an open-source software project that facilitates the processing of large data sets in a distributed computing environment. It is designed to scale up from a single server to thousands of machines and can handle all types of information from disparate systems, including both structured and unstructured data.
Xplenty provides Hadoop processing in a coding-free environment, which it says ensures that businesses can quickly and easily benefit from the opportunities offered by big data without having to invest in hardware, software or related personnel. Xplenty can run on top of Amazon’s cloud environment (AWS), as well as other cloud environments – such as Rackspace and Softlayer IBM – or can connect to on-premise infrastructure. With Xplenty, businesses can drive customer insight and operational efficiency to power real revenue opportunities.
“The key benefit of the Xplenty platform is the ability to run data processing on top of Hadoop in a short time, and without the need of in-house Hadoop expertise, ” said Sasha Babitsky, the Head of Waarde Capital’s Israeli Office. “It is an impressive solution that corresponds directly to a clear and growing organizational need. We are excited to support Xplenty and fuel the next stage of their growth.”
“While some write ‘big data’ off as a buzzword, the need for systems to handle increasingly larger amounts of data in a variety of formats is undisputed, ” said Yaniv Mor, CEO and co-founder of Xplenty. “Xplenty provides a focused, easy-to-use solution, solving the problem of data integration, processing, and preparation for analysis on Hadoop. We are making the ability to enable this increasingly popular technology accessible for everyone in an organization. It has proven a winning combination that we are eager to offer in the U.S.”