Vendia Inc., the start-up of a serverless data-sharing platform, announced today that it has secured $ 15.5 million in a new early funding round, just six months after launching with $ 5.1 million in seed funding .
Canvas Ventures led Series A around with participation from BMW Capital, Sorenson Capital and a number of investors from the first seed round.
Co-founder and CEO Tim Wagner (pictured, left) said in an interview with SiliconANGLE that the company did not need the money at the moment but the past few months have shown “value and market proof” that Vendia wanted to follow more aggressively. “Those investors were putting off that,” he said.
Vendia debuted last July with a unique data sharing platform that combines serverless public cloud architects with a distributed ledger to provide companies with a simpler and more efficient way to store stored information. in the building or in the cloud to share with their partners.
Vendia Share is actually a kind of virtual data lake built on a serverless architecture, which means customers don’t have to manage their information technology infrastructure. It is inspired by the distributed ledger technology called blockchain which is the basis for bitcoin and other cryptocurrencies. Blockchain are databases that are available on multiple computers and will be updated equally across all guests when a change is made.
Vendia co-founders include Wagner, who helped create the concept of serverless computing at Amazon Web Services Inc., and Shruthi Rao (right), who was head of business development for Amazon Managed Blockchain at AWS. They created Vendia to give customers a better way to find and share information that can’t be linked to one particular cloud platform.
The idea is to allow different companies to share data among themselves even when using other cloud hosts. Vendia helps to overcome blockchain flaws, which are difficult to scale, and without a server, which does not have a redesigned database.
“This data involved silos,” Rao said in an interview with SiliconANGLE. “Companies wanted to find and find things so that they all have the same data set.”
Vendia says its platform is ideal for customers who need to track their complex operations, for example, for those running data-heavy artificial intelligence applications that must remain in compliance. One of its key customers is United Natural Foods Inc., which uses Vendia to track its logistics operations.
“Data is very important to everything we do at UNFI,” said United Natural Foods Vice President Paul Barber. “Our business relies on the ability to share accurate, timely, consistent and reliable data with our partners, without imposing unnecessary operational or IT burdens on them. With Vendia it is easy to promote partners without prior investment, share data while maintaining full control, and scale to meet market demand. ”
In addition to today’s funding, Vendia is launching a free version of its platform for developers, called Vendia Share, to see the capabilities of the platform for themselves. He also announced the availability of Vendia Virtual Data Lake, which makes it possible to share files across different clouds, regions and accounts with more granular control over the data.
“The cloud has created new opportunities to create cross-cloud and non-server applications that enable next-generation applications,” said Holger Mueller, analyst at Constellation Research Inc. He added that the value of consistent applications is driven by Vendia across clouds and regions, “in the power of developers – giving them tools that were previously only available for very large development teams and speeding up time to find a solution with higher developer productivity. ”
Wagner and Rao appeared in July on theCUBE SiliconANGLE video studio to discuss in depth some of the problems Vendia is designed to address:
Quoted by Robert Hof
Photos: SiliconANGLE
Since you are here …
Show your support for our mission with the one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will recommend relevant content and emerging technology content to you. Thank you very much!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We would also like to tell you about our mission and how you can help us achieve it. SiliconANGLE Media Inc.’s business model. based on the intrinsic value of the content, not advertising. Unlike many online publications, we do not have a payroll or run banner advertising, as we want to keep our journalism open, with no impact or the need to follow traffic.News, reporting and commentary on SiliconANGLE – along with live, unwritten video from our Silicon Valley studio and global video teams at theCUBE – take a lot of hard work, time and money. Maintaining the high quality requires sponsorship support that is in line with our vision of ad-free journalism content.
If you like the commentary, video interviews and other ad-free content here, please take a moment to view a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.