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.  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 Salesforce.com 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
- AME Cloud Ventures is led by Yahoo co-founder Jerry Yang. ↩