Panoply.io raises $7M Series A for its data analytics and warehousing platform
Panoply.io, a startup that wants to make setting up a data warehousing and analytics infrastructure as easy as spinning up an AWS server, today announced that it has raised a $7 million Series A round led by Intel Capital, with participation from previous investor Blumberg Capital. This follows Panoply’s $1.3 million seed round from late last year.
“It’s remarkable that what once required teams of engineers can now be accomplished with a click,” said Yaniv Leven, Panoply’s co-founder and CEO in today’s announcement. “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.”