VentureBeat: Varada raises $12 million to automate data lake management with AI

Shira Sarid
By Shira Sarid
I
September 15, 2020
September 15, 2020

To read the full article by Kyle Wiggers on VentureBeat, click here.


Varada, a big data analytics infrastructure start-up that offers “petabyte-scale” analytics for customers with data lakes, raised $12 million as it prepares to launch its data virtualization solution.

Varada

Varada, which was founded by XtremIO (acquired by Dell EMC) veterans, aims to solve the challenges of data lakes. As useful as data lake architecture may be, it is very difficult to leverage this modern architecture effectively without scaling and data operations legwork.

Varada solves this challenge with a cloud-based, on-demand SQL analytics service that enables users to define datasets of interest within a data lake. Those users can analyze the datasets using SQL or business intelligence tools without having to deal with preprocessing or modeling. Varada’s big data indexing technology uses AI to accelerate high-priority queries without overhead. Indexes are managed automatically by a cost-based optimizer that identifies which queries to speed up and which to maintain.


To see the power of big data indexing in action, schedule a short demo!


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