Ahana, a California-based cloud data lake services provider has raised $20 million in its recent Series A funding round. The funding round was led by Third Point Ventures. Other investors include GV, Leslie Ventures, and Lux Capital. Steven Mih, co-founder, and CEO of Ahana said that the fund will be utilized for ramping up its products and improve its market teams to increase customer adoption in the cloud analytics market.
Ahana was founded by Mih and Dipti Borkar in April 2020. It started with remote operation. It claims to be the only company focused on the project Presto and is used by Facebook, Uber, and Twitter. Presto is a project by Linux Foundation’s Presto Foundation. It is a structured query language (SQL) query engine that helps in delivering analytical insights from data lakes and other federated data sources. Ahana will make engineers use Presto effortlessly.
Mih told VentureBeat, “In 2020, Ahana became the first and only Presto company focused on growing the Presto community and bringing to market a fully integrated, cloud-native Presto software-as-a-service managed service for Amazon Web Services (AWS).” The company claims that it has a workforce of 35 employees and dozens of customers. It also aims to increase the workforce.
The recent round of funding has helped Ahana to raise a total of $24.8 million.