e6data Secures $10 Million in Series A Funding to Power AI-Driven Data Intelligence Platform

e6data, a California and Bengaluru-based startup specializing in data intelligence, has raised $10 million in a Series A funding round. Led by Accel, the round also saw participation from Beenext.

• This funding will be used to enhance e6data's research and development (R&D) efforts, expand client onboarding, and scale its hiring.
• e6data's platform aims to optimize ROI on existing data infrastructure, eliminating the need for data movement, application migration, or downtime.

e6data's AI-Powered Approach to Data Intelligence

Founded in 2021 by Vishnu Vasanth, e6data has built a compute engine that optimizes ROI on existing infrastructure, eliminating the need for data movement, application migration, or downtime. This seamless adoption process makes e6data an attractive option for enterprises seeking to enhance their data intelligence capabilities without ecosystem lock-in.

• The company is expanding its design partner program, offering managed services with full production support and professional services to address complex use cases.
• e6data's platform leverages deep expertise from over 100 large-scale data platforms, with a team of experts from companies like Microsoft, ThoughtWorks, IBM, Cisco, and SAP.

Addressing the Growing Demand for Data Intelligence and AI

Vishnu Vasanth, Co-founder and CEO of e6data, highlights the rapid increase in data intelligence platform spending, making it the second largest IT spending category behind only cloud spending.

• "This rapid increase has made data intelligence platforms the second largest IT spending category—behind only cloud spend for operational systems and application infrastructure. It's fueling the meteoric rise of data warehouse and data lakehouse companies such as Snowflake and Databricks and the rapid growth of corresponding offerings from AWS, Azure, and Google Cloud."

e6data's Vision: Enabling Seamless Data Intelligence

Vasanth emphasizes the challenge of enterprises fully realizing the potential of data and AI due to legitimate ROI concerns.

• "Legitimate ROI concerns stand in the way of enterprises realising the full potential of data and AI. Moreover, organisations cannot freely move lakehouse table formats, data catalogs, compute providers, and cloud providers without adverse price-performance impacts, the need for data movement, and cumbersome application migrations. We aim to address this through our work at e6data," added Vasanth.

e6data's Growth and Customer Base

e6data has a team of over 60 and has secured customers including publicly listed Fortune 500 enterprises as well as unlisted unicorns and decacorns.

• The company's success is a testament to the growing demand for AI-powered data intelligence solutions.

Accel's Investment in e6data's AI-Driven Future

Shekhar Kirani, Partner at Accel, highlights the surge in analytics use cases driven by GenAI, expecting every individual in an organization to become a power data consumer.

• "With GenAI, enterprises are seeing a surge in analytics use cases. Over the next few years, we expect every individual in an organisation to be a power data consumer, implying a higher load on analytics and compute infrastructure. We believe e6data is primed to leverage and accelerate this movement."

e6data's Position as a Leader in AI-Powered Data Intelligence

e6data's focus on simplifying data intelligence through its AI-driven platform positions the company as a leader in the rapidly evolving data landscape.

• The company's innovative approach, coupled with its strong customer base and investor support, sets the stage for continued growth and success.