DataRPM has received an $800,000 investment from 20K Industries, CIT GAP Funds and other angel investors.
DataRPM will use the funding to continue building a global sales and marketing team, to accelerate product development and to expand its customer support team.
“We see an opportunity for DataRPM to leapfrog established business intelligence and analytics vendors,” said Haresh Bhungalia, Partner at 20K Industries. “This is a strategic investment for us, and we look forward to DataRPM’s continued success.”
DataRPM offers the next generation business intelligence platform that enables customers to connect to any data source, ask questions in natural language and get insights from their data, without requiring learning complex software interfaces. This feature-rich analytics solution is available in the cloud or on-premise. DataRPM’s customers use the solution for internal management and offer it externally to their own customers by embedding into their software applications, websites, blogs or intranets.
“Business users need an easy way to get answers from their data sets. DataRPM’s integration of a natural language interface with search-based technology establishes a new standard for ease-of-use and scalability,” said Sundeep Sanghavi, co-founder & CEO of DataRPM. “Our mission is to simplify BI and make it pervasive to provide actionable insights to anyone throughout an organization.” DataRPM’s customers include Avectra, MCWE, MicroPact, 3Pillar Global, Transaction Network Services (TNS) among others.
The DataRPM solution is implemented quickly and at a fraction of the cost of traditional BI implementations. DataRPM’s groundbreaking computational search technology enables users to mash up data from different sources for real time ad hoc analysis with the ability to type or speak a question on a Google-like search bar. DataRPM’s solution aims to solve the problems of big data by creating a very simple and natural way for anyone to analyze and visualize data on big data platforms like Hadoop, relational databases, social web or other 3rd party systems without being a technology or BI expert.
“With Big Data clusters being implemented, the market needs BI solutions that can quickly and easily analyze vast data sets and then deliver actionable results to managers via easy-to-use visualizations. We like the way DataRPM addresses this market need,” said Tom Weithman, Vice President of CIT Entrepreneur and Managing Director of the CIT GAP Funds.