Investment round deepens strategic partnership with Persistent Systems to enable Self-Service Data Lake for digital transformation of enterprises
July 24, 2018 — Waltham, Mass — Cazena announced it has closed a $10M financing round to further accelerate channels for its Big Data as a Service. Cazena’s strategic round was led by existing investors, Andreessen Horowitz, Formation 8, and Northbridge Venture Partners, with participation from Persistent Systems and other technology partners.
Cazena is the industry’s First Fully-Managed Big Data as a Service with built-in DevOps for analytics. The company has gained significant traction as enterprises face massive skills shortages in big data, cloud and associated development operations, or ‘DevOps.’ Cazena enables enterprises to have supported, production-grade Hadoop/Spark data environments in the cloud, without hiring expensive and hard-to-find DevOps resources.
The investment will be used to accelerate Cazena’s go-to-market activities.
“Since going GA last year, we have seen a 300% growth in our business. Our goal is to accelerate enterprises’ ability to leverage analytics, machine learning and artificial intelligence, without hiring or re-training their workforce. This round reinforces the support of our existing investors and we are excited to announce our strategic partnership with Persistent,” said Prat Moghe, Cazena Founder and CEO.
Cazena’s flagship solution is its fully-managed and automated cloud Data Lake, which offers a SaaS-like experience for analytics and business teams, with enterprise features for IT. Cazena solutions embed enterprise security, data management and all production operations along with cloud IaaS and PaaS based on AWS, Azure and Cloudera. Cazena’s Data Lake as a Service is delivered production-ready for data ingest and analytics ‘out-of-the-box’ and fully-managed 24×7. Data sources and third-party analytic tools can be seamlessly integrated with the Data Lake via Cazena’s hybrid gateways or AppCloud environment.
As part of the investment round, Cazena has partnered with Persistent Systems (BSE & NSE: PERSISTENT) to further extend the cloud Data Lake to include self-service data discovery and data services for enterprises that don’t have data engineering or ML skills.
“Persistent consistently drives forward rapid digital transformation for our enterprise clients. Partnering with Cazena enables us to extend innovative solutions for analytics and ML for our customers. We are excited to announce the new Self-Service Data Lake, a combination of Cazena’s Big Data as a Service with Persistent’s ShareInsights analytic solutions and our ML/AI data services. This solution provides enterprises immediate and actionable access to data to help unlock the “how” of digital transformation,” said Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems.
About Cazena
Cazena radically simplifies data analytics, with the First Fully-Managed Big Data as a Service. Now data can be securely analyzed in the cloud with a few clicks, and without specialized DevOps skills. Cazena’s flagship solution is the Data Lake as a Service, fully-managed and production-ready for all analytics including ML/AI, data engineering, and BI. Cazena was founded by the team behind the Netezza data appliance, and is backed by leading investors including Andreessen Horowitz, Formation 8, and North Bridge Venture Partners. Cazena has significant industry recognition and Fortune 500 customers across the globe. Read more at https://www.cazena.com/
About Persistent
Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation. Read more at https://www.persistent.com/
Press Contacts
Hannah Smalltree
hannah@cazena.com
603-502-3248
