Panoply raises $10 million in funding to revolutionize the data analytics stack
Panoply, the world’s first all-in-one cloud data platform, announced an additional $10 million investment from Ibex Investors and C5 Capital, bringing the total amount raised to $24 million.
“Simplicity and ease of use are top of mind for growing organizations with data needs,” says Nicole Priel, Vice President at Ibex Investors. “By democratizing the creation and management of data infrastructure, we believe that Panoply offers unparalleled capabilities for organizations without the need for costly and complicated engineering efforts.”
Based in San Francisco and Tel Aviv, Panoply is a cloud data platform that combines data warehousing and code-free data integrations. By simplifying ETL and data warehouse management, Panoply makes best-in-class data analysis accessible to teams of all sizes, enabling users like alcohol delivery service Saucey and bike share leader Motivate to discover crucial insights that drive business growth.
“C5 is thrilled to co-lead the funding round in Panoply with Ibex,” said C5 Capital Founder and Chief Executive, André Pienaar. “Panoply’s innovative cloud data platform provides cost savings and allows enterprises to leverage all their data to enable analysis and AI applications to strengthen decision making and competitive advantage. Our investment supports Panoply to continue to lead the data sector with innovation.”
The funding will enable the expansion of sales and marketing efforts to fuel the continued growth of its analyst-centric platform that unlocks sophisticated data analytics without painful data warehouse and pipeline management.
“I’m excited to have Ibex Investors as a new partner and am thrilled to have C5 Capital continue investing in our vision,” says CEO Yaniv Leven. “We aspire to make analysts’ lives simpler and more productive by making it easier for them to sync, store, and access their data, and this funding will go a long way toward that mission.”