DURHAM –Zaloni Inc., which sells a data lake management platform, closed on roughly $9.6 million, according to a filing with the U.S. Securities and Exchange Commission.
Five investors contributed to the round, which kicked off March 13.
This is in addition to raising $1.5 million in debt in 2018 and $7.49 million in equity in early 2016.
The Zaloni Data Platform (ZDP) “operationalizes data processes along the entire pipeline from data source to data consumer,” according to the company website. A data lake stores a large amount of raw data until its needed.
It says the ZDP automates repeatable management tasks and processes; centrally manages all enterprise data sources regardless of location (on-premises, cloud, multi-cloud, or hybrid); and reduces total cost of ownership across infrastructure, data and labor.
It says it can accelerate time and effort to build a data lake by 75 percent, reduce time to insight from weeks to minutes, and provide a large return on investment vs. a company building its own.
Its Data Master Extension of the ZDP uses machine learning to automate a customer’s data lake.
The company website provides case studies of its use by Verizon, Gap, United Health Group, CDS Global, and Kaiser Permanente, among others.
Original Article Source: WRAL TechWire