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January 29, 2013

Big Data Startup Scores $30 Million in Series B


DataGravity, an early-stage company with a mission to turn data into information, today announced that it has raised $30 million in a series B investment round led by Silicon Valley venture capital firm Andreessen Horowitz.

Previous investors Charles River Ventures and General Catalyst Partners also participated in the round. DataGravity will use this investment to advance product development and to scale marketing and sales efforts to support the company’s go-to-market strategy.

DataGravity’s mission is to turn data into information by developing products that will remove the need for complex software packages and help IT managers and administrators extract value and information from stored data. The company’s founding team comprises Paula Long, one of the founders of EqualLogic (acquired by Dell in 2008), and John Joseph, former vice president of marketing and product management at EqualLogic.

“There’s a renaissance underway in enterprise computing, and DataGravity is among the pioneering companies doing the hard work of solving intractable enterprise challenges. DataGravity is positioned to be in front of a potentially enormous market, and the management team’s technical and operational expertise has the experience to lead it. For me, that’s an unbeatable value proposition,” said Peter Levine, partner at Andreessen Horowitz, a venture capital firm known for investing in groundbreaking companies that are led by technical founders.

Levine will join the DataGravity board of directors, where he will apply his track record of leading technology companies to successful outcomes. Levine joins existing DataGravity board members David Orfao, managing director at General Catalyst Partners, and Bruce Sachs, general partner at Charles River Ventures.

“Peter Levine was extremely influential in the last storage market transformation and it seems fitting that he will be part of a new wave of innovation by companies like ours,” said Paula Long, co-founder and CEO of DataGravity. “Andreessen Horowitz is the perfect partner to join our already strong set of backers. With this funding, DataGravity will move forward in addressing the enterprise mandate to radically change the way IT extracts information from data.”

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