Cask: Accelerating the development and deployment of production Hadoop applications
Posted by | November 6, 2015
Data volumes are multiplying at an astronomical rate, making Hadoop—the industry standard open source software framework for large-scale data applications—an exceptionally fast growing market.
Cask Data, Inc. is the open source software company that helps developers deliver enterprise-class Apache® HadoopTM solutions more quickly and effectively. Yesterday, we announced that Safeguard led a $20 million Series B financing for Cask, having deployed $11 million.
Battery Ventures, Ignition Partners and other existing investors also participated in the round. Proceeds will be used to expand Cask’s platform enhancements and develop a broad sales team.
Cask accelerates the development and deployment of production Hadoop applications. Cask’s flagship offering, the Cask Data Application Platform (“CDAP”), provides an open source layer on top of the Hadoop ecosystem that adds enterprise-class governance, portability, security, scalability and transactional consistency. From Data Lakes to Data Apps, the CDAP platform is ideal for enterprise environments because it abstracts many layers of the Hadoop ecosystem, allowing developers to use their existing skills to build high-performance, large-scale Big Data applications. This dramatically accelerates development of applications and deployment into production, cutting average time to implement by more than 80%, while retaining the operational controls required by today’s enterprise customers.
Major customers and partners include AT&T, Cloudera, Salesforce, Pet360 and Lotame.
We are really pleased to get this opportunity to work with the Cask team. Jon Gray (Founder/CEO), Nitin Motgi (Founder / CTO) and the entire Cask team are very respected in the open source Hadoop community for their contributions and leadership in the build out of enterprise capabilities for Hadoop. Cask is transactional, scalable, portable, governable, open, and secure.
Cask’s combination of deep technical capabilities, strong financial growth and enterprise class customer traction makes the company a leader in the market and an exciting addition to Safeguard’s portfolio.
Media Coverage / Additional Resources
- CrunchBase
- Dow Jones Venture Wire — “Cask Data Captures $20M to Spur Development of Hadoop Applications” (LOGIN REQUIRED)
- FinSMEs — “Cask Data Raises $20M in Series B Financing”
- PEHub — “Safeguard Scientifics leads Series B round for Cask Data”
- PitchBook — “Cask Data Stores $20M Series B”
- Red Herring — “Cask Data announced a $20 million Series B financing round led by Safeguard Scientifics”
- SiliconANGLE — “Cask Data collects $20M to help devs brew packaged apps on Hadoop”
- Silicon Valley Business Journal — “Software startup Cask Data will develop sales team with $20M funding”
- The Wall Street Journal | Venture Capital Dispatch — “The Daily Startup: Cask Raises $20 Million for Its Hadoop Technology”
