Japanese entrepreneurs' big data start-up raises $15m

Co-founded by Hiro Yoshikawa and Kaz Ota in 2011, Treasure Data offers a cloud-stage service specializing in the collection, storage and analysis of big data sources, including web, mobile, web, internets-of-things (IoT), logs and events.

The start-up offers an end-to-end big data processing service intended to save clients the cost of building and maintaining the same functions in-house. Customers pay a flat monthly subscription fee to access the cloud service, which is pre-built, maintained and supported by Treasure Data.

The company claims to serve around 800 corporate users sending approximately 400,000 data records per second to the service. It clients include Pioneer, Yahoo! Japan, Pebble, Equifax, Wish.com, MobFox, GREE and other Global Fortune 500 companies.

Treasure Data will use new funding to expand its services and operations. Andy Vitus, a partner with Scale Venture Partners, who will join the company's board of directors.

"We spent a lot of time researching next generation cloud architectures, and Treasure Data is the only service that allows companies to easily gather, store and analyze real-time, streaming data in the cloud," said Vitus in a statement. "They eliminate the complexity of managing big data, empowering customers to focus on their own businesses. We look forward to working with them on the next phase of growth."

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