FAIRFAX, Va.--(BUSINESS WIRE)--DataRPM, the industry pioneer in cognitive business intelligence, today announced that it has closed a $5.1 million Series A funding round. Led by InterWest Partners and joined by CIT GAP Funds, the round will be used to accelerate DataRPM’s global go-to-market strategy. DataRPM changes the way individuals work with data, making analytics more accessible and easier to use by solving the two main barriers to the adoption of data analysis – time consuming data modeling and usability. The DataRPM business intelligence (BI) platform removes those barriers, automating the data modeling process and employing a natural language question-and-answer interface to simplify data analysis and visualization.
“By lowering the cost of ownership and emphasizing usability, DataRPM is making business intelligence a no-brainer,” said Khaled Nasr, partner at InterWest. “Until now, BI solutions and Big Data have largely ignored the data modeling process. DataRPM uses sophisticated algorithms to automate what is otherwise a heavy manual lift. Their combination of affordability and ease-of-use creates the opportunity for companies of all sizes to get meaningful insights from their data.”
Available both on-premise and in the cloud, DataRPM’s business intelligence platform pulls data from disparate sources and stores it in distributed computational search index, rather than a traditional data warehouse and provides a natural language and search-based query interface to analyze the data, rather than SQL or other code-based interfaces. As a result, users can easily analyze and visualize their data in near real-time with no limit to the size of data.
DataRPM uses Cognitive BI to automate manual efforts of the data analytics process from the data modeling to the creation of reports and visualization for analysis. Cognitive BI is a combination of statistical, machine learning and artificial intelligence algorithms. The natural language processor understands the questions and translates them to appropriate BI query and displays the results with relevant visualizations and suggestions. Cognitive BI uses the machine for the heavy lift, allowing the users to spend more time interpreting, understanding and finding insights within their data.
“Our mission is to simplify business intelligence. We provide insights, actions, and results from of the massive amount of data with a machine first, removing the cumbersome manual lift. Pairing our computational search platform with machine learning and natural language interface, greatly simplifies the process of gaining insights from data,” said Sundeep Sanghavi, co-founder and CEO of DataRPM.
DataRPM is the industry pioneer of Cognitive Business Intelligence platform, the next generation of BI technology. DataRPM solves the two biggest problems of business intelligence today viz. a) long, expensive and painful manual data warehousing from disparate data sources and b) significant learning curve of BI software leading to poor user experience and adoption. DataRPM's patent-pending Computational Graph Search technology enables automatic and dynamic modeling of data from disparate sources using semantic algorithms, eliminating the need of manually building complex data warehouses for BI.
Original Release: BusinessWire
Image: Courtesy DataRPM