Ahana Raises $20M for Presto Database Amid Cloud
Ahana, a San Mateo-based provider of cloud data lake services, has recently announced that it has raised $20 million in a series A funding round[1]. The funding was led by Third Point Ventures, with participation from GV and other investors[1]. This significant investment will enable Ahana to expand its platform and further develop its Presto database technology.
Transforming Open Data Lake Analytics
Ahana’s mission is to redefine open data lake analytics by leveraging the power of Presto[2]. Presto is an open-source distributed SQL query engine that allows users to analyze large datasets stored in various data sources, such as data lakes and databases. With its ability to handle massive amounts of data and deliver fast query performance, Presto has gained popularity among data platform teams.
Ahana’s platform provides a SaaS managed service for Presto, enabling data platform teams to easily and cost-effectively process SQL queries on their data[5]. By offering a user-friendly interface and powerful SQL processing capabilities, Ahana empowers organizations to unlock the full potential of their data lakes.
Series A Funding and Growth
The recent series A funding round led by Third Point Ventures marks a significant milestone for Ahana. With this investment, Ahana has raised a total of $24.8 million in funding[3]. The company plans to utilize the funds to expand its engineering and go-to-market teams, accelerate product development, and enhance customer support[2].
Ahana’s success can be attributed to the growing demand for cloud analytics solutions. As more organizations recognize the value of leveraging their data for insights and decision-making, the need for efficient and scalable analytics tools becomes paramount. Ahana’s platform addresses this need by providing a seamless and powerful solution for analyzing data stored in data lakes.
Unlocking the Power of Presto
Presto has gained recognition for its ability to handle complex queries and deliver fast results. It allows users to query data in real-time, regardless of its location or format. This flexibility makes Presto an ideal choice for organizations dealing with diverse and large datasets.
Ahana’s platform simplifies the deployment and management of Presto, making it accessible to a wider audience. Data platform teams can leverage Ahana’s managed service to set up and configure Presto clusters, ensuring optimal performance and scalability. This eliminates the need for extensive infrastructure management and allows organizations to focus on extracting insights from their data.
Enabling Data-Driven Decision Making
By leveraging Ahana’s platform, organizations can harness the power of Presto to drive data-driven decision making. The ability to query and analyze data in real-time empowers businesses to uncover valuable insights, identify trends, and make informed decisions.
Furthermore, Ahana’s platform integrates with popular business intelligence tools and data visualization platforms, enabling seamless data exploration and reporting. This integration enhances the user experience and enables organizations to derive actionable insights from their data more efficiently.
Conclusion
Ahana’s recent series A funding round is a testament to the growing demand for cloud analytics solutions and the potential of Presto as a powerful SQL query engine. With its SaaS managed service for Presto, Ahana is well-positioned to help organizations unlock the full potential of their data lakes. By simplifying the deployment and management of Presto, Ahana enables data platform teams to focus on analyzing data and driving data-driven decision making
