Goldman Sachs-led group bets big on big data

Goldman Sachs leads a group investing $25 million in big data visual analytics company Zoomdata.

New investor Comcast Ventures was joined by previous investors Accel, Columbus Nova Technology Partners, NEA and Razor’s Edge as additional investors.

Matt Carbonara

Matt Carbonara

Zoomdata employs patented data sharpening and micro-query technologies to allows users to consume large amounts of data on premises, in the cloud or when embedded in an application. Its Fusion product enables interactive analytics between different data sources such as real-time and historical sets.

As part of the transaction Goldman Sachs Managing Director in the Principal Strategic Investments Group Rana Yared was named to the Zoomdata board. Another Goldman Sachs Managing Director, the Technology Division’s Hilary Packer, was appointed to the Zoomdata Advisory Board.

“Big data is disrupting consumer markets in every industry, including media and communications,” said Matt Carbonara, Principal at Comcast Ventures. “Zoomdata is at the cutting edge of helping organizations make sense of that big data through its unique visual analytics solution on a modern data architecture.”

Zoom data launched in 2012. The company has raised $47.2 million to date.