Hyperconverged analytics software company Incorta announced a $15 million funding round by M12, Microsoft’s venture fund (formerly Microsoft Ventures), and Telstra Ventures.
Traditional data warehousing uses complex star schemas and extracting, transforming, and loading ETL pipelines to reshape source data – a cumbersome, costly, and brittle process. The Incorta platform is designed to ingest, store, and analyze billions of complex business records that require hundreds of joins—all within seconds.
This funding round coincides with the company’s Fall 2018 release, which strives to make the platform horizontally scalable for any volume of data without the need for partitioning, performance tuning, or query optimization.