Real-time Data Analytics Startup Incorta made some big announcements this week. The startup announced that it has raised $15 million in venture capital Funding.

According to TechCrunch, the San Mateo-based startup received an additional $15 million in its latest funding round led by Kleiner Perkins Caufield & Byers, with some participation from existing investors GV and former Oracle executive Ron Wohl. The newly raised funds will be used to boost product development, sales, and marketing efforts. This new funding follows the previous $10 million investment round, which was announced last March 2017.

A close look at the data analytics startup Incorta

Founded in 2013 and based in San Mateo, California, Incorta provides an enterprise analytics platform that enables real-time aggregation of large complex business data.

The company’s Direct Data Mapping platform maps data straight from data sources and then provides access to useful insight, eliminating the need for a traditional data warehouse. Additionally, Incorta also can reduce response time as well as report time from minutes to seconds. Led by CEO and co-founder Osama Elkady, Incorta currently has 70 employees. Its customers include some of the big names in the technology industry.

The company’s investors include GV, Kleiner Perkins Caufield & Byers, and Ron Wohl. It is also backed by Google Ventures, the search giant’s investing arm. According to startup profiler CrunchBase, the startup has already raised a total of $27.5 million in venture capital funding.

As for the company’s enterprise offerings, Incorta currently offers an annual subscription on a per-user basis.

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The company’s product can be deployed on almost every leading cloud platforms, which include Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform.

Other analytics-related stories

Incorta is not the only startup that has raised fresh capital this week. Real-time graph platform TigerGraph has also received $31 million in its Series A funding round. TigerGraph, which pioneered the next stage in graph database evolution, provides the world’s first and only native parallel graph database that support web-scale data analytics in real-time, according to MarketWired.

TigerGraph’s investors include Ant Financial, AME Cloud, Morado Ventures, Zod Nazem, Danhua Capital, DCVC, Qiming VC and China’s Baidu. The company’s latest funding has been described by some analysts as one of the most sizeable financing rounds in graph database technology history