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Kyligence Raises $70 Million Funding for Cloud-Native Analytics

Kyligence Raises $70 Million Funding for Cloud-Native Analytics

Source: Kyligence

Data intelligence and analytics provider Kyligence recently announced $70 million in Series D funding, according to a press release on the company’s website. The funding, which was led by SPDB International, brings the company’s total earned to more than $118 million since its founding in 2016. The news also comes on the heels of the firm’s January unveiling of Kyligence Cloud 4 big data analytics solution. The capital injection will enable Kyligence to continue growing its cloud big data business.

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Kyligence offers an AI-powered Semantic as a Service for valuable data. The product provides users with a consolidated view of their data across the organization via AI augmentation which intelligently identifies, manages and optimizes data. Kyligence is available on-prem or in the cloud. Its proprietary Smart Pushdown Query Routing Engine retrieves data and serves queries from different sources like RDBMS, data lakes, and the cloud. It also reads data and metadata from these sources for further optimization.

Kyligence will immediately begin using the new funding on research and development to support cloud-native machine learning advances. As a result, a future version of Kyligence will assist enterprises in realizing future-oriented digital transformation by improving the capability and efficiency of data management and analytics.

In a media statement on the news, Kyligence co-founder and CEO Luke Han said “Today’s cloud data warehouses and data lake analytics are struggling to deliver cost-effective analytics as data and user volumes explode. Kyligence can vastly improve the economics of these platforms via our cloud-native architecture and AI-augmented operations. Coupled with a Unified Semantic Layer, Kyligence customers can expect unprecedented performance and concurrency at the least possible cost. Our investors understand that our commitment to this kind of innovation, customer focus, and cost control for cloud analytics has us moving in the right direction.”

Learn more about Kyligence or view their entry in CRN’s 2021 Big Data 100.

The post Kyligence Raises $70 Million Funding for Cloud-Native Analytics appeared first on Best Business Intelligence and Data Analytics Tools, Software, Solutions & Vendors .

Auteur d'origine: Timothy King
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