Panoply Raises Additional $5 Million

Panoply today announced it has expanded its Series A funding to a total of $13 million. The latest to join the round is C5 Capital, with a $5 million infusion. The firm joined the company’s existing investors Intel Capital, Blumberg Capital and 500 Startups.

Panoply is the world’s only ETL-less Smart Data Warehouse built for the cloud. According to the company, it delivers the industry’s fastest time to insights by eliminating the development and coding typically associated with transforming, integrating, and managing big data. Its proprietary machine learning and natural language processing algorithms automatically enrich, transform and optimize big data, making it simple to gain actionable insights.

The new funds support aggressive acceleration of sales, marketing and product roadmap advancement.