Big data startup Treasure Data raises $15 million led by Scale Venture Partners



Japanese IT news media Nikkei Computer reported today that Silicon Valley-based Treasure Data, the startup founded by several Japanese entrepreneurs focused on big data solutions, has fundraised $15 million from American and Japanese investors. This series B round was led by Scale Venture Partners with participation from Sierra Ventures, AME Cloud Ventures, Tokyo-based IT-Farm, and other investors. [1] Treasure Data plans to use the funds for business expansion into Korea, China, and other markets in the Asia Pacific region.

Scale Venture Partners is known for its growth-stage fund focused on big data sector, having led investments in big data solution companies including Omniture (data analysis, acquired by Adobe Systems for $1.8 billion in 2009), ExactTarget (digital marketing automation, acquired by for $2.5 billion in 2013), Box (cloud storage), and HubSpot (online marketing tool).

Treasure Data partnered with Yahoo Japan in July to provide cloud-based big data analysis solutions for Japanese corporations, followed by announcing co-development of mobile telematics solutions with Japanese consumer electronics manufacturer Pioneer in September.

Edited by Chris Ames Pomeroy

  1. AME Cloud Ventures is led by Yahoo co-founder Jerry Yang.