AUSTIN, Texas--(BUSINESS WIRE)--Continuum Analytics, which develops Anaconda, the leading modern open source analytics platform powered by Python, has secured a $24 million Series A funding round led by General Catalyst Partners and BuildGroup. The funds will be leveraged to accelerate product development, expand sales and marketing, and continue to invest in strengthening the Python and Anaconda communities. The latest round of $24 million in funding comes after $10 million in initial funding from a combination of angel investors and a DARPA award, bringing total funding to-date to $34 million.
Continuum’s Anaconda platform enables organizations to quickly analyze, manage and visualize big data in order to make critical decisions. Built on Python, the fastest growing open data science language, Anaconda integrates into existing IT environments to provide unprecedented flexibility and ease in exploring and leveraging data.
“Anaconda—Continuum’s enterprise-ready Python-based platform—has seen rapid adoption and is well loved by data scientists, from individuals to some of the largest organizations in the world,” said Donald Fischer, Venture Partner at General Catalyst. “Data science is now an essential capability for every organization, and the Continuum founders have played key roles in the field, leading the worldwide PyData movement and creating many foundational technologies. We’re excited to partner with the founders to grow the company to the next level.”
More than two million users have adopted the Anaconda platform in less than three years, and growth continues to accelerate. Customers include more than 200 of the Fortune 500, 19 of the Fortune 25 and 8,000 universities around the world. Boeing, Procter & Gamble, Pepsi, Schlumberger, the U.S. Department of the Treasury and the Securities and Exchange Commission are among current industry leaders who rely on Anaconda. Anaconda is being used to conduct accurate risk analysis in financial services, process Hubble telescope images, transform media monetization and counter human trafficking, among others.
“The Continuum team has built dependable software and a terrific organization. The founders, Travis Oliphant and Peter Wang, are truly world class Python experts. These qualities are strong indicators of a company built for the long haul and a perfect fit for us,” said Lanham Napier, co-founder at BuildGroup. “The Anaconda platform continues to be a trusted standard for the world's best data scientists and a main driver in the Python movement. We look forward to working with Travis and his team as they grow and usher in the next wave of data science."
“We are on a mission to give everyone modern Python-based technology that allows them to solve incredibly complex problems and improve the world in which we live,” said Continuum CEO Travis Oliphant. “We are thrilled to have the support and backing from General Catalyst and BuildGroup to help us bring the analytical power and flexibility of Anaconda to data explorers everywhere. General Catalyst’s tremendous experience and BuildGroup’s phenomenal mentors will open doors to new partners and customers, and allow us to continuously enhance our Anaconda platform to empower the entire spectrum of modern data scientists.”
About Continuum Analytics:
Continuum Analytics develops Anaconda, the leading modern open source analytics platform powered by Python. Continuum’s Python-based platform and consulting services empower organizations to analyze, manage and visualize big data - turning massive datasets into actionable insights and business value. Built on proven open-source technology and easily integrated within existing IT environments, Anaconda allows organizations to make critical business decisions based on their data quickly, easily, inexpensively, and with flexibility. Without having to worry about how to access their data, organizations can free up resources to solve actual problems. Continuum's founders and developers have created or contribute to some of the most popular data science technologies, including NumPy, SciPy, Pandas, IPython, and many others. To learn more about the Anaconda platform, training and consulting services, visit http://www.continuum.io.
About General Catalyst Partners:
General Catalyst Partners is a venture capital firm that makes early-stage and growth equity investments. The firm backs exceptional entrepreneurs who are building innovative technology companies that transform industries, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, The Honest Company, HubSpot, KAYAK, Oscar, Snapchat, Stripe, Warby Parker, and ZenPayroll. The General Catalyst partnership leverages its broad experience to help founders build market-leading businesses. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City. Visit www.gcvp.com for more information.
About BuildGroup:
BuildGroup is a growth outfitter. They equip entrepreneurs for the long haul. They invest their own time, talent and capital in entrepreneurs whose grit sets them truly apart. BuildGroup was founded by a team of proven operators in Lanham Napier, Jim Curry, and Alan Schoenbaum. They love nothing more than helping build and grow extraordinary companies. BuildGroup is based in Austin, Texas. Always under construction at: www.buildgroup.com.