Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures Invest in Company Founded to Maximize Application Recovery and Availability
MILPITAS, CA–(Marketwired – August 11, 2015) – Talena, a pioneer in Big Data Availability Management, today announced that it has secured $12 million in financing to accelerate application recovery and other key data management processes. The company’s investors are Canaan Partners, Intel Capital, ONSET Ventures and Wipro Ventures. Canaan General Partner Deepak Kamra and ONSET Partner Shomit Ghose joined the company’s board of directors. The company also announced the immediate availability of the Talena Big Data Availability Management solution, the first software architecture to fully optimize data management processes.
“Each of our investors brings unique Big Data expertise to our team and will help shape how we take advantage of this incredible opportunity,” said Nitin Donde, Talena founder and CEO. “They have invested in some of the best known Big Data companies and have a deep understanding of customer issues from witnessing numerous implementations. We’re excited to leverage their market, domain and customer knowledge to solve today’s critical data availability management challenges.”
The emergence of Big Data platforms such as Hadoop, Spark, NoSQL data stores like Cassandra and modern data warehouses like HP Vertica has resulted in brand new applications across virtually every industry, fueling a market that’s on pace to top $50 billion by 2017. As a result, the rapid growth of this unstructured and semi-structured data has created an urgent need for the capability to comprehensively manage this data and these new Big Data environments. The company’s patented approach to data management automates manual processes and provides rapid access to mission-critical data, saving engineering, DevOps, and data science teams time, while greatly reducing compliance risks.
“We are in the midst of a data explosion which requires companies to alter the way they think about protecting their valuable data assets,” said Kamra. “Talena is the first to recognize the need for an entirely new architecture and set of capabilities to support Big Data availability management.”
“The rapid adoption of Big Data technologies has brought about the recurring need to implement scalable data availability management capabilities,” said Ghose. “Yet, our customer interactions show today’s solutions as incomplete and cumbersome. As a certified data fanatic, I see the emerging need for a solution like Talena’s, and believe the company has an opportunity to become an industry leader, as organizations increasingly rely on Big Data applications to power greater parts of their business.”
The company will use the capital to expand its product development, go-to-market and customer support efforts.
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About Talena, Inc.
Talena provides the first data availability management software expressly engineered for Big Data technologies, enabling universal data availability across the full lifecycle of applications so they can meet internal and external service level agreements. Our data availability management software is uniquely designed to optimize the test/dev management, backup, recovery, and archive functions so that our customers can iterate rapidly on their applications, prevent data loss, and minimize compliance risk. Based in Silicon Valley, we are backed by Canaan Partners, Intel Capital, ONSET Ventures, and Wipro Ventures. For more information, visit www.talena-inc.com.
Greenwood Communications for Talena