Varada
Date | Investors | Amount | Round |
---|---|---|---|
$2.5m | Seed | ||
* | $7.5m | Early VC | |
$12.0m | Series A | ||
* | $50.0m Valuation: $50.0m | Acquisition | |
Total Funding | AUD34.0m |
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EditVarada.io is a cutting-edge data lake acceleration platform that revolutionizes how enterprises handle big data analytics. By leveraging unique dynamic and adaptive indexing technology, Varada enhances the performance of Trino and Presto clusters, enabling interactive queries directly on data lakes without the need for extensive data preparation. This allows businesses to unlock the full potential of their data, accessing it at its source granularity and transforming it into operational data instantaneously. Varada serves data-driven enterprises looking to optimize their data lake performance and reduce operational complexities. Operating in the big data analytics market, Varada's business model revolves around offering its platform through the AWS Marketplace and providing tailored solutions via scheduled demos with their data experts. The company generates revenue by selling its advanced data acceleration solutions to enterprises that require high-performance data analytics capabilities.
Keywords: data lake, big data, analytics, Trino, Presto, indexing, performance, AWS Marketplace, operational data, smart cache.