SOURCE: Platfora

Platfora

February 17, 2015 08:00 ET

Platfora Reports 210% Growth in Biggest Year Ever

Company Wins Deals With Sears, JPMorgan Chase, FedEx, TiVo and Thomson Reuters, Among Other Leading Enterprises

SAN MATEO, CA--(Marketwired - Feb 17, 2015) - Platfora, the #1 Big Data Analytics platform built natively on Apache Hadoop and Apache Spark, today announced record results for 2014 with 210% growth in annual recurring revenue. Platfora Big Data Analytics continues to transform companies, giving them access to 100% of their enterprise data to find insights and make decisions within hours instead of months.

"In the past year, big data analytics and Hadoop have crossed the chasm from an early-adopter stage to the mainstream, because business leaders realized they needed to more effectively harness huge volumes and varieties of machine, sensor and transactional data," said Ben Werther, founder and CEO at Platfora. "In 2014, Platfora Big Data Analytics became the top-selling full-stack solution for Hadoop because we proved, over dozens of successful deployments, that our modern, native platform is superior to any traditional analytics or data warehouse solution for big data use cases. We are extremely proud of this achievement, and the many other milestones we reached during the year."

Platfora's 2014 Business Highlights
In the past four quarters, Platfora fired on all cylinders to expand the business to serve new customers and expand its big data analytics footprint within existing accounts. Highlights include:

  • Tripled the number of Global 2000 customers, including Sears, JPMorgan Chase, FedEx, TiVo, The Bank of New York Mellon, Thomson Reuters, Edmunds, Disney, Opower, Riot Games, American Express and Citigroup.

  • Raised a Series C venture financing round of $38 million led by Tenaya Capital, bringing the company's total amount raised to $65 million. Platfora's investors now include Citi Ventures, Cisco and Allegis Capital, as well as prior investors Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel.

  • Introduced Platfora 4.0 with advanced visualizations, geo-analytics capabilities and collaboration features that empower cross-functional teams to work iteratively with data at scale, garnering valuable insights to make better-informed business decisions at a fraction of the time that it once took.

  • Introduced an analytics solution for the Internet of Things (IoT) that enables business users to work with machine and sensor data at scale without significant support from the IT department.

  • Bolstered its leadership team to include Viviana Faga, VP of Marketing; Shea Kelly, VP of People Operations; Robert DeMartino, VP of Sales and Kevin Beyer, CTO.

  • Grew employee headcount by 67% to a total of 125 employees worldwide.

  • Earned several industry accolades from leading technology industry publications, including CIO Magazine's "10 Hot Hadoop Startups to Watch," Fortune's "Ones to Watch in Big Data," Business Insider's "12 Hot Data Startups to Watch," and CRN Magazine's "Big Data 100: Business Analytics." Ben Werther was named Executive of the Year in the Best in Biz Awards, and Platfora customer Cox Automotive won a Frost & Sullivan 2014 CIO Impact Award for its innovative use of Hadoop and big data analytics.

Customers Laud Platfora For Breakthrough Capabilities in Big Data
The most popular use cases for Platfora in 2014 were customer marketing analytics, security, data-driven product development, operations and Internet of Things. Because Platfora Big Data Analytics can transform the way departments and teams access and visualize big data in ways that no other solution currently can, the company received many accolades for these newfound analytical capabilities. Below are four examples:

"With Platfora, we can match content to platform with extreme precision and -- correlating that data with everything else we know about our users -- deliver the best programming options to every user via the device of their choice. The insights that Platfora provides enable us to invest resources strategically, meeting and exceeding our growth targets by customizing and enhancing each user's experience." - Khai Tran, Sr. Manager of Digital Media at Disney ABC

"Platfora enables our business engagement managers to directly access our data warehouse, which stores information from millions of utility users around the world. They use this data to build reports for utility customers in a small fraction of the time it used to take with other analytics tools. This gives utility users powerful information about customers and their engagement, which utilities can use to drive key business decisions." - Meghann Lomas, Product Manager of Business Intelligence and Data Insights at Opower

"Platfora gave us the ability to interact with petabytes of data at scale and make them available to business users. We can now instantly analyze and gain insights from all our data within minutes of installing the software. With Platfora, we were able to drive customer success by instantly gaining insights from all our customer datasets." - Dr. Rod Fontecilla, VP of Application Modernization at Unisys

"We believe Platfora is a solid platform for our ad-hoc data exploration and dashboard needs and like how quickly the platform is growing. We're particularly delighted with how willing Platfora has been to collaborate with us on their product enhancement plans giving us confidence that the product will grow with our needs." - Dan Bennett, VP of Enterprise Data Services, Thomson Reuters

In 2015, Platfora will continue to hire ahead of the curve to further build out its world class product, sales and service teams in order to maintain its three-year development advantage on the competition. In addition, the company will also introduce a major update to Platfora Big Data Analytics and new solutions in the areas of security and customer analytics. 

About Platfora
Platfora is the #1 Big Data Analytics platform built natively on Hadoop and Spark. Platfora enables business users and data scientists to visually interact with petabyte-scale data in seconds, allowing them to work with even the rawest forms of transaction, customer interaction and machine data to find new opportunities and manage risk. Platfora is transforming the way businesses unlock insights, make decisions and produce better outcomes through the use of its industry-defining Customer Analytics, Security Analytics and Internet of Things solutions. Platfora Big Data Analytics is creating data-driven competitive advantages for leading organizations such as Sears, Cox Automotive, Disney, Edmunds.com, Opower, Riot Games, Vivint and TUI Travel. To learn more about Platfora, read our blog, visit our website, or follow @platfora #YouShouldKnow. http://www.platfora.com

Contact Information

  • Media Contact
    Bhava Communications for Platfora
    Erica Knowlton
    Email Contact
    510-984-3815