When the data science platform Pachyderm first launched in 2014, open source project Hadoop was the only major big data player on the market (the startup’s name is actually an early jab at Hadoop, which has an elephant in its logo).
Pachyderm’s business didn’t really take off until 2017, says cofounder Joey Zwicker, when the demand for data science skyrocketed. From there, the startup started attracting the attention of venture capitalists and large business customers alike.
Today we are proud to announce that Pachyderm has closed a Series A financing of $10M led by Benchmark, with participation from existing investors Ace & Co, Blumberg Capital, Data Collective, Foundation Capital, Susa Ventures, Tuesday Capital, and Y Combinator. As part of the funding, Benchmark’s Chetan Puttagunta will be joining our board. We’re also announcing our next major version of Pachyderm, v1.8.
We founded Pachyderm over four years ago with the understanding that data science would be critical to businesses over the next decade, and that Docker® containers were the perfect technology with which to build the next generation of tools. Those beliefscontinue to strengthen with each day.
Pachyderm allows data scientists to use the tools they already know and love on unified infrastructure while maintaining complete data lineage and provenance. We believe it’s the future of how individuals and teams develop, deploy, collaborate on and communicate about all things data.
Pachyderm, the startup that has built an open source platform for employing containers, such as those made in Docker, for running big data analytics and processing jobs, has raised $2 million in a new round of funding.