Ahana, a San Mateo, Calif.-based open data lake analytics company, raised $20 million in Series A funding.
The round, which brought total funds raised to $24.8m, was led by Third Point Ventures with participation from existing investors GV (formerly Google Ventures), Leslie Ventures, and Lux Capital.
The company intends to use the funds to further accelerate engineering and contributions to the open-source community, as well as to expand its go-to-market teams.
Company: Ahana Cloud Inc.
Raised: $20.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Third Point Ventures
Additional Investors: GV (formerly Google Ventures), Leslie Ventures, and Lux Capital
Company Website: https://ahana.io/
Software Category: cloud-native managed SaaS built for AWS
About the Company: Led by Steven Mih, Co-founder, and CEO, Ahana offers a managed service for Presto on AWS to simplify open data lake analytics. Presto, the open-source project created by Facebook and used at Uber, Twitter, and thousands more, is the de facto standard for fast SQL processing on data lakes. Ahana Cloud delivers a Presto SaaS and enables data platform teams to provide high-performance SQL analytics on their S3 data lakes and other data sources. It is a leading member of the Presto community and Linux Foundation’s Presto Foundation. Founded in 2020, Ahana operates as an all-remote company.
Source: https://www.finsmes.com/2021/08/ahana-raises-20m-in-series-a-funding.html