ClearStory Data Announces $9 Million Series A Investment Led by

ClearStory Data Announces $9 Million Series A Investment Led by
Kleiner Perkins Caufield & Byers, With Andreessen Horowitz and Google
Ventures 
PALO ALTO, CA -- (Marketwire) -- 12/05/12 --  ClearStory Data, a
company delivering a new big data solution that makes it simple for
business users to find, combine and interactively analyze data from
corporate sources and disparate third-party sources, today announced
the closing of a $9 million Series A financing round with Kleiner
Perkins Caufield & Byers, and joined by previous seed round investors
Andreessen Horowitz and Google Ventures. Mike Abbott, managing
partner at Kleiner Perkins Caufield & Byers, also joins the
ClearStory Data Board of Directors. 
ClearStory Data's solution offers a new way for business users to
easily discover, analyze and consume data at scale from corporate,
web and premium data sources for combined and up-to-date insights.
Data sources include relational databases, Hadoop, Web and social
application interfaces, and third-party data providers. ClearStory
Data's platform modernizes data analysis by introducing a new user
model for big data analysis. The platform simplifies access to
disparate data sources, automatically manages data harmonization, and
enables interactive analysis at scale. With ClearStory's solution,
organizations can easily converge data from corporate and third-party
sources to make business decisions faster and across distributed
teams in ways never before possible. 
"We've seen incredibly strong demand for ClearStory Data's solution
from a wide range of industries as data-driven organizations look for
new and better ways to access and combine data from corporate and
third-party sources," said Sharmila Shahani-Mulligan, CEO and Founder
of ClearStory Data. "With the astounding growth in external sources
of data, data marketplaces, and corporate data housed in new big data
platforms, it's time to make it a lot easier for business users to
interactively explore and analyze information no matter where it
comes from."  
Market research firm IDC estimates that digital data created and
replicated in 2011 had surpassed 1,800 exabytes, 10 times more than
just five years earlier. At the same time, external data sources
today expose more than 7,000 open data APIs, up from almost zero in
2005. Making sense of all this data will drive a $16.9 billion market
opportunity for big data alone by 2015, according to IDC. 
"We share ClearStory Data's vision of an enormous market opportunity
for everyday business users to work with big, diverse data easily and
quickly," said Mike Abbott, managing partner at Kleiner Perkins
Caufield & Byers and the former Vice President of Engineering at
Twitter. "We're investing in a proven team, a market-changing
platform and an opportunity that promises to disrupt, bringing big
data into the hands of the true business user beyond the specialized
domain of data scientists and quants."  
For more information on ClearStory Data and for early access to
ClearStory Data's solution, please visit our Web site at
www.clearstorydata.com. 
About ClearStory Data
 ClearStory Data (www.clearstorydata.com) is
making it easy for business users to find, combine and interactively
explore big, diverse data across first-party and third-party sources
for immediate insights. The ClearStory Data team has decades of
combined experience at Aster Data, Google, Teradata, Oracle, Netscape
and Opsware. Based in Palo Alto, California, ClearStory Data is
backed by Kleiner Perkins Caufield & Byers, Andreessen Horowitz,
Google Ventures, Khosla Ventures and notable Silicon Valley industry
leaders.  
Media Contact
Clinton Karr
LEWIS Pulse
(415) 321-2349
clinton.karr@lewispulse.com