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Sanjay Agrawal and Shashank Gupta , who helped co - found the business sector intelligence fellowship ThoughtSpot , say that several age ago , they keep that organizations were struggling to deal with the increase amount of data under their view .
Even enterprisingness with robust data analytics and orchestration tools seemed to be get a rough go of it , Agrawal and Gupta say . perhaps so . According to a Deloittestudy , 67 % of managers are n’t comfortable accessing insights from data analytics platform , partly due to technical school - bear on challenges .
“ Everyone wants to be strategic , but current approaches keep companies trammel in firefighting mode , grappling with routine , preventable operational and tactical undertaking , ” Agrawal enjoin TechCrunch . “ caller need a innovative approach to address their inflate roles and take business winner . ”
And , would n’t you acknowledge , Agrawal and Gupta say they ’ve develop exactly this “ modern attack ” and built it intoRevefi , a software - as - a - service chopine ( and startup of the same name ) they co - launched in 2021 .
Revefi connects to a company ’s information stores and databases ( for example Snowflake , Databricks and so on ) and assay to automatically detect and troubleshoot data - concern way out ; it also make suggestions as to how these various resources might be optimise .
“ Revefi enable data teams to be more strategic , ” Agrawal said , “ and deliver the right datum at the right fourth dimension at the right cost to businesses . ”
Agrawal and Gupta avow that Revefi can facilitate achieve things like delivering a unified view of a company ’s data operation and fall storage bills by performing an analysis of cost and quality across different providers . One customer was capable to lose weight their cloud data weapons platform costs by 30 % using Revefi , Agrawal claims .
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“ We have replaced and gain againstMonte Carlo , Acceldata , Anomalo , Informaticaand other datum observability and data point caliber product , ” Agrawal said . Bold claims !
inquire how many client Revefi has at present , Agrawal declined to say . But he did reveal that several “ large enterprise ” are paying for Revefi ’s divine service , including a “ $ 5 billion public security company ” and “ $ 10 billion public data point company . ” ( Perhaps revealingly , Revefi lists ThoughtSpot in thecase studiessection of its website . )
Seattle - base Revefi , which this week close a $ 20 million Series A funding round led by Icon Ventures with engagement from Mayfield , GTM Capital and StepStone Group , plan to greatly lucubrate its product and 30 - person team in the forthcoming twelvemonth . To engagement , the startup has raised $ 29 million .
“ go-ahead are struggle with the explosive growth in and variety of data , the proliferation of information dick and complexity and out - of - command information outlay , ” Agrawal say . “ We ’re benefit from this ; we are in a gamy - growth phase and are take AI , technology , sales and merchandising natural endowment . We are agile , grapple our costs expeditiously and have a pragmatic approach to growth . ”
