Data analytics company Kyligence closed $15 million in a Series B funding round led by new investor Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited), along with participation from existing investors Redpoint Ventures, Cisco, China Broadband Capital, and Shunwei Capital.
Kyligence also launched the AI Augmented Analytics platform with its new release of Kyligence Enterprise 3.0, which uses machine learning to analyze analyst’s behavior and query history, build data models automatically, speed up query performance, and manage data across the entire analytics platform. According to the company, whether data resides in a traditional data warehouse or a modern data lake or cloud, its automation capability is designed to release analysts from routine tasks so they can focus on business decisions.
Kyligence plans to use the funding to continue to leverage its products and technology, and further expand its sales and marketing teams globally.