ElasticSearch has second successful funding round in 6 months
Index Ventures in London has invested another $24 million in Dutch big data analytics company ElasticSearch.
Last November, the company raised $10 million, and now the new cash will be used to accelerate the company's business execution and secure its positioning in both the United States and Europe.
Steven Schuurman, CEO of ElasticSearch, said the driver of this growth is the rapid evolution of search itself.
The company is trying to help search technology keep up with other changes in the information industry. It will continue to develop what it calls a shorter time-to-epiphany, or learning curve, for big data analytics. It also needs the cash to scale its solution.
Schuurman said many companies are using ElasticSearch to drive Google (NASDAQ: GOOG) Analytics-like features. He feels that with this investment, the company will be able to make similar search capabilities available to everyone.
- see Schuurman's blog