Panoply.io Raises $7M Series A to Automate Data Management

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Panoply.io announced that it has secured $7 million in Series A funding led by Intel Capital with participation from previous investor Blumberg Capital. This comes on the heels of Panoply.io’s $1.3 million in seed funding from September of 2015. The Tel Aviv-based solution provider simplifies and automates an organization’s analytical Data Management tasks by deploying an array of automated processes that analyze query patterns, metadata and configurations inside of the data architecture. According to the vendor, their automated data warehouse works at lightspeed, offering prospective customers the opportunity to go from raw data to complex analysis in “under 12 minutes.”

In a statement released to TechCrunch Panoply.io’s co-founder and CEO Yaniv Leven adds: “It’s remarkable that what once required teams of engineers can now be accomplished with a click. With Panoply.io, complex tasks like schema building and altering, data mining, complex modelling, scaling, performance tuning, security, backup and more are all handled by an array of machine learning algorithms.”

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