ISRAEL – Upsolver, a Sunnyvale, CA- and Tel Aviv, Israel-based provider of a software platform to eliminate engineering overhead of operating cloud data lakes, raised $13m in Series A financing.
The round was led by Vertex Ventures US with participation from new investor Wing Venture Capital (Wing), existing investor Jerusalem Venture Partners (JVP), Jeff Rothschild, founder of Veritas and First Senior Technology Executive at Facebook, and Sohaib Abbasi, former CEO and Chairman of Informatica. In Sik Rhee, General Partner and co-founder at Vertex Ventures US, who founded Opsware (acquired by HP for $1.6 billion) and made early-stage investments in both Cloudera and Couchbase, will join Upsolver’s board of directors and so will Gadi Porat, Partner at JVP. The company will use the funds to expand its R&D and Sales teams and enhance its multi-cloud capabilities. Founded by Ori Rafael and Yoni Eini, Upsolver provides a cloud-native platform that abstracts the engineering complexity of data lake ingestion, storage and ETL. Its status as an Amazon Web Services (AWS) Partner Network (APN) Advanced Technology Partner accelerates growth. Through the APN program, the company’s platform gets deployed and bought via the AWS marketplace. It natively plugs into services like AWS Athena and Redshift, making it easy to set up a data lake on AWS. The company has raised a total of $17 million to date, with a global team working across Israel, California, and New York. Customers include Asurion, Cox Automotive, IronSource, Sisense, and more. 30/06/2020
