How Presto Company Ahana Plans to Redefine Open Data Lake Analytics

Presto Company Ahana, an open source data lake analytics platform, recently announced that it has raised a $20M Series A led by Third Point Ventures. This news will have far reaching implications in the realm of open source data lake analytics. It could redefine how businesses in the sector interact with their data.

In this article, we will provide an overview of Presto Company Ahana, how they plan to use their new funding, and how they plan to disrupt the industry.

Overview of Presto Company Ahana

Presto Company Ahana is a cloud software company that has received positive attention in the data analytics community for its ambitious plans to revolutionize open source data lake analytics. Led by Third Point Ventures, the San Francisco-based venture capital firm founded by billionaire investor Daniel Loeb, the company recently closed a $20M Series A round of financing. These funds will enable Presto Company Ahana to continue investing in its platform as it strives to make it easier for users to query and analyze enterprise data lakes at scale.

The Presto Company Ahana platform helps users analyze their existing data lakes within existing cloud infrastructure such as Amazon Web Services (AWS) and Google Cloud Platform (GCP). It does this by making it easier for them to query and access the data quickly and reliably, without manually downloading or moving datasets from one place to another. In addition, with its focus on usability, performance, scalability, and resource optimization, Presto Company Ahana makes open source query engines like Apache Presto more powerful and efficient.

Overview of Third Point Ventures

Third Point Ventures is an early-stage venture capital firm headquartered in San Francisco that invests in innovative companies in cutting-edge industries. Founded in 2016, Third Point has invested in over 66 notable startup and growth-stage companies such as Lyft, Bird, and Blue Origin.

Led by Robert Lonsdale and Lisa Wu, Third Point focuses on investing in startups that are revolutionizing software and technology networks to empower their users with better ways of connecting and interacting with each other. These encompass industries such as retail, media, logistics, financial services, healthcare IT, data analytics, information security and cloud computing.

Third Point Ventures recently led Presto Company Ahana’s Series A funding round of $20 million to help expand the company’s open source projects. The Series A funding will enable the Presto Company Ahana team to develop newer versions of its flagship product – an open data lake analytics platform built on Apache Presto – with revolutionary capabilities allowing for faster analytics processing speeds for its users.

Presto Company Ahana’s Vision and Plans

Presto Company Ahana, a US-based open data lake analytics solution provider, has raised $20M in Series A funding led by Third Point Ventures. This funding round will enable Ahana to accelerate its mission of helping organizations become more data-driven through efficient and cost-effective data lake analytics.

In this article, we’ll take a closer look at the vision and plans of Presto Company Ahana.

Presto Company Ahana’s goal of redefining open data lake analytics

With the current rise in demand for analytics across various industry verticals, Presto Company Ahana is focused on simplifying and redefining open data lake analytics to make working with data in cloud data lakes easier for organizations. Launched in October 2020, the company already announced $20M series A of venture capital investment led by Third Point Ventures.

Presto Company Ahana has a clear vision of making open source technology more accessible to enterprises and developers. The startup aims to make it easier and faster for organizations of all sizes to query data stored in cloud data lakes using PrestoSQL and other analytic technologies. By leveraging the power of Presto, customers can get more analytical insights from their Microsoft Azure Data Lake Storage, Amazon S3, Google Cloud Storage and MongoDB Atlas clusters in a fraction of time compared to traditional ETL strategies.

To achieve its goals, Presto Company Ahana’s team consists of experienced professionals passionate about open source technologies such as Machine Learning (ML) & Artificial Intelligence (AI). The company provides ready-to-use presto-as-a-service solution called ‘Ahana Cloud for Presto’ that helps organizations unlock greater business value from their data sources by eliminating the need for manual ETL processing thus freeing up resources to focus on developing use cases or tackle more complex processes that support big data initiatives. This innovative approach helps reduce development costs and minimize dependency on engineering teams which otherwise manage traditional ETL procedures and long running queries.

Furthermore, it allows customers access to rich interactive dashboard reporting capabilities typically associated with commercial software solutions such as Microsoft Power BI or Tableau at no additional cost thus enabling them gain more insight into their business operations quickly and cost effectively.

How Presto Company Ahana plans to achieve this goal

Presto Company Ahana (formerly Trek10) is a fully managed data lake analytics provider that makes it easy to run workloads on open source Presto across cloud and hybrid environments. Ahana raised $20M in its Series A round of financing, led by Third Point Ventures, with participation from existing investors Madrona Venture Group and Amplify Partners.

The company plans to use the new funds to accelerate the overall development of the Presto platform and further its mission of providing customers with an open source SQL-on-everything data lake analytics solution. The current product offerings include Ahana Cloud, a managed Presto service on AWS; Ahana Enterprise, which provides support and consulting services for existing enterprise deployments; and Ahana Data Scanner, a proactive compliance tool for secured data lakes.

Ahana’s vision is to redefine open source analytics for businesses operating in hybrid cloud-native architectures. To accomplish this goal, the company plans to focus on several key areas:

• Expanding integration capabilities between Presto and data literacy tools
• Simplifying the workflow orchestration process
• Building enhanced security capabilities
• Augmenting conformance testing capabilities
• Further streamlining deployment time through automation upgrades

In addition, they plan to bolster their customer service offerings by introducing features such as personalized workspaces where customers can customize applications around their particular needs.

These objectives are backed by Deepak Calanovic’s leadership team who has successfully helped steer companies like Tableau Software through significant growth stages in their evolution. With this new capital infusion and executive leadership team, Presto Company Ahana looks poised to become leaders in transforming open data lake analytics experiences into powerful enterprise solutions that meet complex business requirements today’s world demands.

Presto Company Ahana Raises $20M Series A Led By Third Point Ventures To Redefine Open Data Lake Analytics

Presto Company Ahana has announced a new $20M Series A funding round led by Third Point Ventures, which will be used to help redefine open data lake analytics.

With this series A round of funding, Presto Company Ahana hopes to increase its presence in the open data lake analytics market and expand its product offerings. In addition, this funding will help support their goal of changing how companies and organizations use data analytics.

Overview of the $20M Series A funding round

Presto Company Ahana, the creator of Presto as a Service and Open Data Lake Analytics, announced that it has raised $20M in its Series A round, led by Third Point Ventures. The round included participation from other investors including Mosaic Ventures, GV (formerly Google Ventures), CRV and several angels. The funds will be used to grow the engineering team and expand Ahana’s product offerings.

For those unfamiliar with Ahana’s product, it focuses on helping analyze data stored in open data lakes to support business intelligence applications. It leverages distributed query engines from popular frameworks such as Apache Presto and Apache Spark to rapidly access and analyze structured or unstructured data inside your open data lake.

The technology empowers self-service analytics initiatives at large enterprises already utilizing open-source technologies such as Hadoop and Presto in their cloud or on-premise deployments. With this type of analytics service built on top, they can quickly get up to speed with new trends such as machine learning and AI toolsets while leveraging their existing investments in these technologies.

Ahana also provides a managed platform for practical operationalization so customers have better control over user management, security policy enforcement, resource capacity planning etc. Finally, the platform helps customers reduce their IT infrastructure costs by reusing existing compute resources while automatically scaling out/in when needed through its auto-scaling capabilities which can help businesses save precious capital expenses needed to grow the organization effectively.

How the funding will be used

The $20 million Series A funding for Presto Company Ahana was led by Third Point Ventures, with participation from Sierra Ventures, Work-Bench and several other investors. This round of funding will provide an injection of financial resources that will allow Presto Company Ahana to deepen their commitment to redefining open data lake analytics.

The investment funds will be used to build out the company’s engineering and product teams, expand their global presence, and further develop their offering of software solutions that enable customers to query open data lakes quickly and effectively.

By expanding their engineering, product development and customer support capabilities, Presto Company Ahana plans to deliver new products that answer challenging business questions across industries such as retail, healthcare and finance. In addition, they plan to expand their partnerships with major cloud providers such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP) to make their products more widely accessible across the enterprise. Finally, they intend to focus on increasing awareness of Presto technology throughout the industry through marketing campaigns aimed at developers, data scientists, analysts and executives alike.

Ultimately these activities aim to transform open data lake analytics by making it easier for companies worldwide to unlock the value hidden within their vast stores of unstructured data.

Impact of Presto Company Ahana’s Plans

Presto Company Ahana, led by Third Point Ventures, has raised $20M in a Series A funding to redefine open data lake analytics. This new venture aims to address the challenges created by the current open data lake analytics, allowing customers to access and manage data lakes quickly, easily and safely.

In this article, we will discuss the impact of Presto Company Ahana’s plans and how it will shape the future of data lake analytics.

How Presto Company Ahana’s plans will benefit the open data lake analytics industry

Recently, Presto Company Ahana, a big data analytics startup, announced that it has raised $20 million in a series A funding round led by Third Point Ventures. The company aims to integrate its open source Presto technology into the hyperscalers’ massive cloud data architectures.

Presto Company Ahana seeks to shift how large-scale organizations approach analytics by incorporating their plans into the open data lake industry. Their offering goes beyond traditional query engines or distributed storage systems; instead, it combines them for an integrated platform to provide real-time analysis of large-scale data using any analytics engine with any storage system. This would remove complexities from the previously disparate pieces of hardware needed for comprehensive analysis and optimization of corporate IT environments, allowing businesses to be truly agile and dynamic without being weighed down by the costs associated with bespoke solutions.

With this increased funding round, Presto Company Ahana will further expand their experience and product development offerings within the sector to help organizations better tackle their existing challenges within legacy systems, including inefficiencies and complex processes.

Moreover, through integration with top cloud providers such as Amazon Web Services (AWS) and Microsoft Azure, customers can now access next-generation analytics capabilities that are enterprise ready — making them easier to use than ever before. As a result, organizations who demand extreme throughput when querying fast-changing datasets can quickly transform that data into valuable insights on a scale that has not been seen before without investing heavily in proprietary IT infrastructure.

Ultimately, Presto Company Ahana’s plans will benefit the open data lake analytics industry by delivering more accessible tools that optimize current infrastructure while also providing cost savings through lean operations to meet both short-term goals right away as well as anticipate future needs through enhanced analysis capabilities — enabling businesses across all sectors succeed further within their domains.

Why Presto Company Ahana’s plans are important

Presto Company Ahana’s open data lake analytics platform is set to revolutionize how businesses analyze their data. By utilizing Presto Company Ahana’s technology, businesses can access and analyze large amounts of data stored in cloud-based data lakes quickly and cost-effectively while providing comprehensive, reliable and secure insights.

Presto Company Ahana’s open data lake analytics platform offers several key benefits:

• It eliminates the need to move data between silos and into bespoke systems.
• It allows businesses to quickly access and analyze large volumes of data.
• It reduces costs by eliminating the burden of manual setup and configuration.
• It provides organizations with a single source for their entire analytics needs.

By decentralizing their distributed database architecture, Presto Company Ahana ensures that all analyses occur locally on each host machine instead of shipping the full dataset back to the central hub for processing. This enhances scalability, improves performance, reduces latency times, increases fault tolerance and enhances security.

Furthermore, Presto Company Ahana has raised $20 million in Series A led by Third Point Ventures to further develop its revolutionary open source technologies. This investment will allow the company to scale faster while leveraging its existing engineering expertise to build new features that will help businesses rapidly innovate their processes through insights gleaned from versatile analytics solutions.

Conclusion

Ahana’s mission to redefine open data lake analytics with its Presto-as-a-Service platform has come to fruition with the completion of their $20M Series A round of funding led by Third Point Ventures. With this funding, Ahana hopes to expand its reach to businesses of all sizes and provide them access to a new suite of cloud-native analytics solutions.

The opportunities presented by Ahana are immense and the potential impact that it can create is immense. In conclusion, Presto Company Ahana’s investment will undoubtedly revolutionize open data lake analytics and have a lasting impact on the industry.