Igneous Secures $25 Million in Series-C Funding Led by WestRiver Group to Accelerate …

SEATTLE, March 15, 2019 (GLOBE NEWSWIRE) — Igneous, Inc., the Seattle-based startup delivering the only Unstructured Data Management (UDM) …

SEATTLE, March 15, 2019 (GLOBE NEWSWIRE) — Igneous, Inc., the Seattle-based startup delivering the only Unstructured Data Management (UDM) as-a-Service solution, has raised $25 million in Series C funding led by WestRiver Group (WRG). Igneous has experienced tremendous growth and customer traction within leading data-centric enterprises across industries. With this latest round, Igneous will accelerate its mission to help organizations see, organize, protect and mobilize their most valuable data assets. WRG is joined by all existing investors, including Madrona Venture Group, NEA, Vulcan Capital and Redpoint Ventures.

Funding will be used to expand the company’s technology and go-to-market investments to further tackle the mounting issues enterprises deal with in managing, protecting and getting value from their growing volumes of unstructured data.

“The addition of the WestRiver Group is core to our mission,” said Kiran Bhageshpur, CEO of Igneous. “We believe they are the right partner to support our mission to solve our customers’ most challenging data enablement initiatives and accelerate adoption of Unstructured Data Management.”

“WestRiver Group is excited to lead this round of funding,” said Anthony Bontrager, Managing Director at WRG. “Igneous is uniquely positioned to enable enterprises to unlock the value of their datasets and simultaneously reduce their risk profile. This is a complex problem that Igneous has tackled with impressive technology services.”

80% of global enterprise data is driven from unstructured data – much of it being machine generated, high fidelity file and object data such as imaging, video, scientific and sensor data. Tools for data-centric workflows (including Machine-based Learning, HPC and EDA) for harnessing the value of this data are now accessible for mainstream enterprise adoption. But teams still face the harsh technical limitations of managing the growth and lifecycle of these datasets for best use – as reported in the 2018 State of Unstructured Data Management. Organizations partner with Igneous to remove the complexity and costs of managing their unstructured data at scale.

For more information, visit igneous.io. Follow us on Twitter @IgneousIO and on LinkedIn at www.linkedin.com/company/Igneous.

About Igneous

Igneous delivers the only Unstructured Data Management (UDM) as-a-Service solution, giving data-centric enterprises visibility, protection, and data mobility at scale. Igneous’ API-enabled, cloud-native solution combines all UDM functions so that organizations can tap the value of their unstructured data, while reducing risk and optimizing IT resource utilization.

Igneous: The right data, in the right place, at the right time.

About WestRiver Group

WestRiver Group (WRG) is a collaboration of leading investment firms that provides integrated capital solutions to the global innovation economy. The Kirkland, Wash. based company has investment platforms focusing on the technology, life science, energy, and experiential sectors, with flexibility to invest in a variety of asset classes and capital structures. WRG’s established network of partners provides access to investment opportunities and thought leadership, and deep operational expertise allows it to work closely with portfolio companies and lead at the executive and board level.

Press Contact

Holly Hagerman

Connect Marketing



Related Posts:

  • No Related Posts

5 Data Analytics Jobs In Bangalore You Can Apply Right Away

Analytics India Jobs offers a new platform for the data science community in … Here are few analytics job openings in Bangalore: … Understanding of Big data technologies like Hive, Spark and familiarity with Hadoop ecosystem.

Analytics India Jobs offers a new platform for the data science community in India by bringing to the fore latest job openings across the country.

Here are few analytics job openings in Bangalore:

Analyst @ Indegene Private Limited

As an analyst, the candidate will develop custom intuitive, interactive and dynamic dashboards, enabling actionable insights and self-service analytics



  • BE/Btech/BCA/BSC
  • 2-6 years’ experience.
  • Must have experience in building Reports and Dashboards using Tableau.
  • Tableau, Power BI, Qlik sense, Excel VBA
  • SQL / MS Access
  • Python, R
  • Good knowledge of Tableau server, Admin functions, Installation, Configuration and back up options
  • Experience integrating Tableau into other external environments such as websites
  • Excellent analytical and problem solving skills
  • Experience in writing SQL queries to extract, merge and prepare granular and aggregated datasets for data analytics and business intelligence
  • Understanding of pharma data (IMS, DRG, Epi Sources, APLD etc.) and basic analytics
  • Ability to derive KPIs from data sets to create views and charts

Apply here

Tableau Specialist @ Position2 Inc

As a Tableau specialist, the candidate will build highly interactive dashboards with best in class visualization. And would require:

  • High proficiency in all areas including calculations, filters, parameters, maps. Tableau certification will have a definite advantage.
  • Design dashboard wireframes for different client needs
  • Build appropriate visualizations
  • Ability to plan data requirements to answer business questions
  • Troubleshoot data discrepancies.

Apply here

Data Analyst @ Access Analytics Solutions Pvt ltd

Manage data sources, database and movement of data and data organization across different systems. Manage large loan level and borrower level data used for risk and learning models

Measure the risk and performance indicators for debt and structured finance products using existing and new models. Assist the Risk Analytics team in designing the business intelligence tools


  • Bachelors/PGDM/Masters degree in Information Systems/Maths/Statistics//Finance/Engineering /Business Analytics
  • Background in statistics and probability is a plus
  • Actuaries/FRM/CFA/CQF/PRM certification would be a plus
  • 0-2 years of experience in database or project management
  • SQL and at least one of R/Python/VBA
  • Experience in handling large structured and unstructured datasets
  • Exposure of Hadoop eco system and DB systems
  • Good hands-on expertise in Tableau and ETL tools.
  • Knowledge and experience in structured finance products (securitization structures) would be a plus
  • Contribute towards other risk management work done by the risk management function

Apply here

Statistical Modeling @ Apidel Technologies

The position will be part of the Model Risk Management, India (Bangalore) team. His/her primary role is to develop model for the team, balance forecasting, stress testing, PPNR, Loan Loss Reserves (LLR), and macro-economic forecasting models that are development as part of Citi’s Comprehensive Capital Analysis and Review (CCAR) submissions. The roles are very critical to the organization, as MRM’s authorization on the use of the CCAR models are based on the reviewer’s evaluation results. This role extends across all Citi segments and legal entities, giving the successful applicant exposure to the Consumer Bank.


  • Masters or Doctoral degree with a specialization in Statistics, Mathematics, Finance or other quantitative discipline
  • 3+ years in relevant consumer finance or credit card industry experience to include loss forecasting/stress testing model development, maintenance, tracking and management
  • The ability to interpret and analyse large volumes of data, and at times complex information
  • Preferably, good programming skills in advanced SAS and SQL in mainframe, UNIX and PC environments would be an advantage.
  • Understanding of use of statistical models in making business decisions
  • Exposure to Analytical Tool (SAS/R/Python etc.)

Apply here

Lead Analytics @ ColorTokens

ColorTokens is a Silicon Valley company situated in Santa Clara that is redefining Enterprise and Cloud Security. It is a product company in the Network and Cyber Security space.

It is backed by legendary investors and advisors who have helped structure the IT industry over last 30+ years. ColorTokens core team represents deep industry experience across hardware, software and cloud technologies.


  • At least 10+ years industry experience
  • Expert knowledge of analytics tools such as Python
  • Good understanding of ML algorithms. ( regression models, Clustering and classification).
  • Experience with NLP, data mining with association rules.
  • Strong understanding of Java (or Scala) and object-oriented programming
  • Web service development
  • Good Understanding of Big data technologies like Hive, Spark and familiarity with Hadoop ecosystem.
  • Good understanding of database and SQL.
  • Familiarity with NoSQL like Cassandra, Elastic search and NoSQL

Apply here


Provide your comments below


Related Posts:

  • No Related Posts

Revealing Storage and Speed Transmission Emerging Technology of Big Data

In the emerging technological advancement and information stored, the technological landscapes tend to experience the consideration of Big Data.


The study highlighted the storage of data and the ability to transmit it at a faster speed securely. It is acknowledged that Big Data represents a large volume of data, and this brings a matter of ways on how to manage storage capacity as data continues to grow exponentially, that may drive to storage technologies to uphold its pace to the predicament. In addition, due to an incomparably large amount of data received, processed and transferred, it also affects the ability of its data transmission speed. In other hand, the employability condition of Information Technology (IT) professionals, which is desperately essential in the rapid change of the technological world. This challenge defines the aspects, without paying necessarily much attention to the lack of Information Technology staff and services, but is more catered towards the capability of one’s uphold and acknowledgement of new information upon new inventions of computing and telecommunications devices in the market. Here, the empowerment of Information Technology comes from the aspect of how it helps as a platform for these fields to operate successfully and embrace positive changes in delivering efficient as well as effective work, also benefits business companies in decision making, marketing and business growth, and resource management, and globalization. it is impossible to attain long term business success without leveraging the benefits of IT in this digital age.

Related Posts:

  • No Related Posts

Seattle startup Igneous raises $25M to help companies manage their unstructured data

Existing investors including Madrona Venture Group, NEA, Vulcan Capital, and Redpoint Ventures also participated. Founded in 2013 by veterans of …
Igneous Systems CEO Kiran Bhageshpur (Igneous Photo)

Seattle startup Igneous has reeled in a $25 million investment round to fuel growth of its software that helps companies manage their unstructured data.

WestRiver Group led the Series C round, which pushes total funding to date to $70 million. Existing investors including Madrona Venture Group, NEA, Vulcan Capital, and Redpoint Ventures also participated. The investment values the company at around $100 million, according to PitchBook.

Founded in 2013 by veterans of Isilon Systems and NetApp, Igneous’ platform provides visibility and storage for unstructured data, or information that isn’t easily categorized, both in the cloud or on-premise.

The company’s clients span across various industries and include The Allen Institute of Brain Science, OpSec, PAIGE, Tippet Studios, Altius Institute, and Bardell. Igneous has customers in the “mid-double digits,” said CEO and co-founder Kiran Bhageshpur.

“They use Igneous to see, organize, mobilize and protect their unstructured data — and for our customers this is petabytes of mission critical, often machine generated data typically living across disparate systems onsite, offsite and in public cloud,” Bhageshpur said in an email. “Igneous helps data-centric enterprises tap into their valuable unstructured data, optimize their storage and IT resources and reduce their data risk posture.”

(Igneous Photo)

Bhageshpur said Igneous differentiates from competitors with its focus on enabling efficiency at scale and the ability to support any file or object protocol.

“Our customers are able to quickly (in days) get up and running, see all of their data, improve their backup SLAs and modernize their data protection services, surgically archive and migrate data to control tier 1 storage costs, organize their datasets for use in HPC/ML/EDA/RPA workflows … all without the need for a full-time system administrator,” he explained.

The startup employs 70 people and expects to grow headcount by more than 50 percent in 2019. Bhageshpur said new sales growth has increased by 10X over the past year.

Igneous originally sold a hardware data appliance for companies to help manage on-premises storage systems but has since expanded to develop services geared toward cloud computing.

The global big data market size is expected to reach $70 billion by 2022, according to Statista.

Bhageshpur is the former vice president of engineering in the Isilon Storage Division at EMC, having spent five years in senior engineering roles at the company. Another Isilon engineering vet, co-founder Jeff Hughes, is CTO at Igneous. The company’s third co-founder, Byron Rakitzis, was the first employee at NetApp.

Madrona was also an early investor in Isilon, which sold to EMC for $2.25 billion in 2010.

Anthony Bontrager, WestRiver Group managing director, will join the company’s board as a result of the funding.

“Igneous is uniquely positioned to enable enterprises to unlock the value of their datasets and simultaneously reduce their risk profile,” he said in a statement. “This is a complex problem that Igneous has tackled with impressive technology services.”

Other recent Seattle-area investments by Kirkland, Wash-based WestRiver Group include Tectonic Audio Labs, Pro.com, Wicket Labs, and Viewpath.

Related Posts:

  • No Related Posts

French Court Clerks to Use IBM Blockchain Platform for Corporate Registry

French commercial court clerks will use a blockchain-based platform to record changes in companies’ legal status within the country.

French commercial court clerks will use a blockchain-based platform to record changes in companies’ legal status within the country. The development was revealed in an official announcement on March 14.

The blockchain network was jointly developed by IBM and the National Council of Clerks (NCC) and will reportedly be deployed starting in 2019 by the clerks operating in commercial courts across France. The blockchain platform is built on the Hyperledger Fabric framework and aims to increase transparency and efficiency in legal transactions associated with the lifecycle of companies in the registry.

Specifically, the solution will be used to record and share data related to “the exchanges of regulatory information related to companies’ difficulties,” as well as “the changes of status of the company registered on the French territory.” That includes such data as change of corporate name, registration court office, establishment of branch offices, and business dissolution.

In a pilot, NCC reportedly managed to shorten the time needed to update the registry from several days to a single day. Vincent Fournier, Senior Manager Blockchain at IBM France, said that “blockchain’s qualities are ideal for this use, improving the Clerks’ business processes and adapting to the ever-changing nature of their missions.”

IBM has released various commercial blockchain products and filed a number of blockchain-related patents. Moreover, IBM reportedly offers the greatest number of blockchain jobs, according to recent research by The Next Web.

This week, IBM partnered with blockchain consortium and credit union service organization CULedger to develop new blockchain-based solutions for the credit union industry. These solutions can reportedly improve services such as digital identity authentication, Know Your Customer compliance, lending and payments services, and other consumer processes that require authentication.

Also this month, IBM revealed two new patents targeting network security using blockchain technology and focusing on database management using the tech.

Related Posts:

  • No Related Posts