Eight Roads Ventures portoflio company, Kyligence has closed a $25 million Series C funding round. The round was led by Coatue Management, with participation from Eight Roads as well as other existing investors: Redpoint Ventures and Shunwei Capital.
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.
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.”
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.”