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Business intelligence startup DataWeave raises Series A round

By Varun Arora

  • 06 Apr 2017
Business intelligence startup DataWeave raises Series A round
Credit: Thinkstock

Bangalore-based Data Weave Software Pvt. Ltd, which runs business intelligence startup DataWeave, has raised an undisclosed amount in Series A funding led by Japan-based ad-tech company FreakOut Group.

Silicon Valley-based venture capital investor Herb Madan, and a clutch of unnamed institutional investors from the US, India and Singapore also participated in the round, said a press statement.

Existing investor Blume Ventures also put in money, a report in The Economic Times said.

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"We will deploy these funds to boost our sales, marketing, and customer success initiatives, especially in North America. We will also invest in scaling our data products,” said Karthik Bettadapura, co-founder and CEO, DataWeave.

Last February, the startup had raised an undisclosed amount in pre-Series A funding from existing investors including Blume Ventures, TLabs (Times Internet’s startup accelerator) and Google India managing director Rajan Anandan. Teruhide Sato, founder of Japan-based global internet and e-commerce business incubator group Beenos, Inc, and Hiro Mashita, founder of Singapore-based M&S Partners Pte, also participated in that round.

Earlier in 2013, DataWeave had raised $270,000 from Blume Ventures, TLabs, 5ideas Startup Superfuel and Meta Studio Advisors, apart from angel investors Anandan, Pankaj Jain, Bharathram Thothadri, Krishna Mehra and Abhishek Gupta.

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Founded in April 2011 by Bettadapura and Vikranth Ramanolla, and officially launched in June 2012, DataWeave is a language-agnostic trans-firewall analytics platform that analyses and aggregates all externally available data relevant to an organisation and provides actionable insights.

Trans-firewall analytics refers to the analysis of unstructured external data that is available in public domain but spread across a lot of continuously-changing sources. DataWeave helps users discover, monitor and visualise public data on the web in a uniform format.

The company currently serves customers in North America, India, Southeast Asia and the Middle East.

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"The company [DataWeave] delivers real-time actionable insights, which can give businesses a huge competitive advantage across industries and geographies," said Yuzuru Honda, global CEO at FreakOut Holdings, Inc.

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