Is data the new oil? If the continued growth of the data visualization market is an indication, the answer is a pervasive "yes." Driven by the demand for analytics engines that can derive insights from patterns and trends in large datasets, the sector will end up valued at $ 6.99 billion, up from $ 20.12, compared to 4.12 Billions of Dollars in 2017.
It's a highly competitive area, which is not surprising and is crowded with established companies like Tableau, Sisense, Datawrapper and Zoho. But Ptmind, an eight-year-old data analyst firm headquartered in Tokyo, Beijing and Seattle, is taking a successful path. The company announced today that it has raised more than $ 10 million in a Series B financing round led by Aplus Capital. The total amount increased to almost $ 30 million.
Ben Dolgoff, director of marketing and product for Ptmind's subsidiary Datadeck, emailed VentureBeat with funding for the development and expansion of Datadeck, one of Ptmind's key products, with enhanced automation, teamwork, and machine learning Functions are used. Ptmind also plans to expand its international workforce of 1
"The new funds will be used to grow our flagship product [s]," said Dolgoff. "We will enhance core technology and rapidly expand into the US market, while further expanding our current sales capabilities and exposure to the Chinese and Japanese markets."
Datadeck summarizes Slack's data. Facebook, Google Analytics and more than 100 other sources in custom templates – Maps – with graphics and overviews for general use. The free baseline offers up to 50 cards and 5 data connections, while the 100-card and 10-premium plan starts at $ 39.
Ptengine – Ptmind's other Spotlight offering, launched in 2014, provides website heatmaps and analytics with visitor behavior and campaign management tools that allow customers to track channels, conversions, revenue, and other metrics over time.
Ptmind claims that Ptengine and Datadeck have more than 125,000 and 25,000 users, including product teams at Microsoft, Nike, Disney, Adidas, Softbank and Dentsu.