e6data, a data infrastructure startup, has raised $10 million in a Series A funding round was led by Accel with participation from Beenext and others.
The funds will be used to double down on its research and development (R&D) efforts to help its customers with better offerings, onboard more clients and scale its hiring on the go-to-market front.
e6data plans to expand access to its Design Partner Program, which offers the e6data solution as a managed service for the heaviest or most pressing use-cases of enterprise customers, complete with production support and professional services.
Vishnu Vasanth, co-founder and CEO commented, “This rapid increase has made data intelligence platforms the second largest IT spending category – behind only cloud spend for operational systems and application infrastructure. It’s fueling the meteoric rise of data warehouse and data lakehouse companies such as Snowflake and Databricks, and the rapid growth of corresponding offerings from AWS, Azure, and Google Cloud.”
“Legitimate ROI concerns stand in the way of enterprises realizing the full potential of data & AI. Moreover, organizations cannot freely move lakehouse table formats, data catalogs, compute providers, and cloud providers without adverse price-performance impacts, the need for data movement, and cumbersome application migrations. We aim to address this through our work at e6data,” added Vishnu Vasanth.
Rajaraman Santhanam, COO of Chargebee added, “We’ve been collaborating with e6data across several internal and external-facing analytics use cases, all built on Chargebee’s multi-purpose, scalable data lakehouse platform. We are seeing exciting opportunities to innovate for our customers. We have successfully supported concurrencies of over 1,000 QPS on near real-time (NRT) data and complex queries while maintaining client latencies of less than 2 seconds. Other lakehouse engines we evaluated struggled to achieve this level of performance and scalability, despite being more resource intensive.”
While Rajeev Purohit, Head of Platform Engineering at Freshworks said, “We have been impressed with e6data’s performance, concurrency, and scalability on some of our heaviest use cases as part of our evaluation and co-creation of a next-generation data platform. Their team has been knowledgeable and responsive to our product needs through our collaboration on cutting-edge open lakehouse architectures.”
Shekhar Kirani, Partner at Accel, commented, “With GenAI, enterprises are seeing a surge in analytics use cases. Over the next few years, we expect every individual in an organization to be a power data consumer, implying a higher load on analytics and compute infrastructure. We believe e6data is primed to leverage and accelerate this movement.”
Founded in 2021 by a team of experienced technologists, e6data helps amplify ROI on their existing platforms and architectures and escape ecosystem lock-in; e6data’s new generation of SQL engines powers 5x higher performance, 50% lower Total Cost of Ownership and zero-friction adoption.
The product integrates seamlessly with all major data lakehouse formats, data catalogs and governance frameworks, SQL standards and dialects, and object stores, and cloud providers. It has a team strength of over 60 and has signed up publicly listed Fortune 500 enterprises as well as unlisted unicorns and decacorns as customers.
