NEW YORK (TheStreet) –– Awash in data, the world's trying to store it all and figure out what to do with it. Enter start-up DataGravity, which hopes its offerings will help businesses understand what's in that data and how best to visualize it so the data fit their needs.
Nashua, N.H.-based DataGravity announced it raised $50 million in a series C round, led by well-known venture capital firm Accel Partners. DataGravity seeks to provide an integrated storage array, helping both state and local governments, as well as small and medium-sized businesses, understand what to do with the data they're generating.
"We're helping business not just store the data, but giving them insights on it and security on how to protect it," said Paula Long, CEO of DataGravity, in a phone conversation with TheStreet.
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Prior to the Series C funding, DataGravity raised money in two rounds -- a $12 million round and a $30 million round. Included in the Series C funding are venture capital firms such as Andreessen Horowitz, CRV and General Catalyst Partners, who all previously invested in the company. In total, the company has raised $92 million from venture capital firms and its investors.
Long noted that the company just started shipping its Discovery Series products in the early part of October, and while she did not disclose exact figures noted there was "really healthy uptake" from its customers.
"We're targeted at mid-tier state and local governments, small manufacturing business and health care," she said. The Discovery Series was introduced in August, and allows businesses to have storage, data protection, governance and search and discovery in one integrated appliance.