Data Analytics Startup Ahana Raises $20 mln in Series A

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on August 6, 2021

Recently, in a Series A fundraising round, Ahana raised $20 million. The fundraising was led by Third Point Ventures and to date the company has raised total funding of $24.8 million.

Ahana was officially established in 2020, and is headquartered in San Mateo, California. It works with advanced data analytics, and has found an interested client base.

Data is stored unorganized in large quantities in what is called a data lake.

Ahana, Databricks and Starburst have developed a platform that provides a more efficient, flexible and economical way to query the data lake.

Customers see it as a potential technology for reporting, aggregation, transformation, and data science, as well as user-driven analytics.

According to Ahana co-founder and chief product officer, Dipti Borkar, data lakes are a huge market and will be the main topic of analytics for the next 10 years.

Investors are also interested in the company. General Partner of Third Point Ventures, Robert Schwartz is also currently a member of Ahana’s board of directors.

At present, this startup is working on developing the Ahana Cloud service that provides a way to query huge volumes of data in data lakes based on AWS S3. Three months after it was founded, Ahana launched its Ahana Cloud product.

The investment capital will be deployed by the company to accelerate the progress of Ahana Cloud, expand the marketing team, and actively promote the product as it draws closer to being launched in the market.

Presto will be a partner of the company for the purpose of spreading the technology. The size of sales and marketing staff will also be expanded to meet the needs of the market and drive user demand for the platform.

A co-founder and CEO, Steven Mih believes the company is on the right track.

Based on significant growth last year, Mih thinks that the company will do well in the future. Via the cloud marketplace, Ahana offers its services to partners in system integration services, analytical consulting and data support.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

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