CoolaData, which provides big data analytics as a service, has closed $7.4 million in a Series A funding from Greylock Partners Israel and Carmel Ventures.
CoolaData said that the proceeds will be used to accelerate the growth of CoolaData’s fully actionable, unified behavioral analytics solutions.
Based in Tel Aviv, CoolaData was founded by big data veterans and serial enterpreneurs CEO Tomer Ben Moshe and Guy Greenberg. Ben Moshe said, “CoolaData offers the ability to answer complex business questions which cannot be addressed by traditional BI tools. Our unique, open interface allows customers to easily turn insights into actions by enabling them to embed CoolaData analytics into their own systems.”
CoolaData improves overall customer lifecycle management by providing fully actionable, unified behavioral analytics solutions for online companies. The CoolaData service is in beta with several eCommerce, gaming and mobile customers. These customers benefit from a unique combination of scalability, extensibility and sophisticated analytical power, without the burden of having to invest the resources and know-how required to build a Big Data solution. The service will be generally available in the first quarter of 2014. Yoram Snir, Partner at Greylock IL and Avi Zeevi, General Partner and Co-Founder of Carmel Ventures, joined the company’s board of directors.
Published by Globes [online], Israel business news - www.globes-online.com - on October 22, 2013
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