Web: Datameer Bags $40M Round Led By Singapore Investment Firm

August 2015 by: From The Web

Datameer, the big data analytics company built on Hadoop, announced a $40 million Series E round today led by ST Telemedia, an investment firm based in Singapore.

Top Tier Capital Partners, Kleiner Perkins Caufield & Byers (KCPB), Redpoint Ventures, Next World Capital and Software AG also participated. Today’s investment brings the total raised to over $76 million.

The company deliberately went with a firm based in Asia for this round to achieve a primary goal of expanding into Asian markets, Datameer CEO Stefan Groschupf told TechCrunch. ST Telemedia (STT) has deep connections to the types of companies Datameer tends to work with such as telecommunications firms.


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