Big Data Analytics Startup Kyligence Raises $70M In Series D Funding
Kyligence develops an advanced data analytics platform, based on the open-source Apache Kylin analytics engine, that’s capable of performing multi-dimensional analysis on huge volumes of data. By Rick Whiting April 21, 2021, 06:26 PM EDT
Next-generation data analytics startup Kyligence has closed a $70 million Series D round of funding, the company said Wednesday.
The company said it will use the new funding to “continue powering its global expansion and rapid customer adoption.” The financing will specifically be used to fuel the company’s research and development efforts, especially in developing cloud-native and machine learning technology, the company said.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kyligence Raises $70 Million Series D Funding Round
Kyligence, Inc.April 21, 2021 GMT
SAN JOSE, Calif., April 21, 2021 (GLOBE NEWSWIRE) Kyligence, originator of Apache Kylin and the leader in intelligent data analytics, today announced that the company has closed $70 million in Series D funding to continue powering its global expansion and rapid customer adoption. This funding round attracted global investment management organizations, including the round’s lead investor, SPDB International. New investors Alpha Square Group, CICC, Gopher Asset Management, Shanghai Growth Capital, PUXIN Capital, and Jumbo Sheen Group also participated in the round. The round included follow-on investments from existing investors Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), Redpoint and Shunwei Capital.