Company:Treasure Data

From HandWiki
Treasure Data
TypePrivate
IndustryDigital marketing
Founded2011
Headquarters
Mountain View, California[1]
Key people
  • Kazuki "Kaz" Ohta (Co-founder, CEO)
  • Hironobu Yoshikawa (Co-founder, chairman)
  • Sadayuki Furuhashi (Co-founder, chief architect)
  • Dan Weirich (COO, CFO)[2]
ProductsCustomer data platforms, Fluentd
Number of employees
~700[2] (2023)
Websitetreasuredata.com

Treasure Data is a privately held company that provides customer data platforms in the form of data management and analytics software. The company developed Fluentd, a cross-platform open-source data collection software. Treasure Data is used by more than 450 organizations worldwide,[3] including AB InBev,[4] Subaru,[4] Stellantis,[5] and Yum! Brands.[6]

History

Kazuki Ohta, Hironobu Yoshikawa and Sadayuki Furuhashi founded Treasure Data in 2011.[4][2][7] Yahoo! founder Jerry Yang was one of Treasure Data's angel donors and board members.[2] In that same year, the company created Fluentd, a cross-platform open-source data collection software project, written primarily in Ruby (a programming language developed by Yukihiro Matsumoto, another investor in Treasure Data).[8]

Treasure Data secured $5 million in Series A funding backed by Sierra Ventures in 2013.[9] The company would later raise $15 million in Series B funding led by Scale Venture Partners in 2015.[1]

In 2018, Treasure Data was purchased for $600 million by Arm Ltd., a British semiconductor and software design company, owned by the Softbank Group, a Japanese multinational investment holding company.[10] Technology from the company was used in combination with other acquisitions by Arm to create the Arm Pelion IoT Platform, an internet-of-things connectivity, device and data management platform.[11] When Arm entered into an agreement to be acquired in 2021 by NVIDIA for $40 billion, Arm's IoT Services Group (which included Treasure Data) was not included in the sale.[12] As a result, the company was spun out by Softbank Corp., becoming an independent company with a valuation near $1 billion.[13][14] Treasure Data would go on to raise $234 million in funding led by the Softbank Group, where the total amount was considered the largest single funding round for a customer data platform at the time.[15]

References

  1. ↑ 1.0 1.1 "Treasure Data Raises $15M Series B to Analyze Data in Cloud". January 15, 2015. https://www.wsj.com/articles/DJFVW00120150114eb1et020c. 
  2. ↑ 2.0 2.1 2.2 2.3 Peters, Alexa (Winter 2023). "Treasure Data Overcomes Adversity to Get to the Top". Minority Business Entrepreneur Magazine: pp. 22–25. https://digital.mbemag.com/?m=53732&i=793614&p=22&_ga=2.44323812.1394331491.1696432368-1248190384.1696432368&ver=html5. 
  3. ↑ Schwartz, Ben (November 18, 2021). "Treasure Data Wraps up Largest-Ever CDP Funding Round". https://www.cmswire.com/customer-experience/treasure-data-wraps-up-largest-ever-cdp-funding-round/. 
  4. ↑ 4.0 4.1 4.2 Wayner, Peter (April 1, 2022). "How Treasure Data captures, analyzes and uses customer data". https://venturebeat.com/data-infrastructure/how-treasure-data-captures-analyzes-and-uses-customer-data/. 
  5. ↑ Dicksen, Ben (July 12, 2023). "VentureBeat Transform Day 1: Moving fast with care advised for AI adoption". https://venturebeat.com/ai/venturebeat-transform-day-1-moving-fast-with-care-advised-for-ai-adoption/. 
  6. ↑ Maze, Jonathan (July 6, 2023). "Yum Brands takes a step to collect data on more of its customers". https://www.restaurantbusinessonline.com/technology/yum-brands-takes-step-collect-data-more-its-customers. 
  7. ↑ "Sadayuki Furuhashi". MIT Technology Review. 2021. https://www.innovatorsunder35.com/the-list/sadayuki-furuhashi/. 
  8. ↑ Woodie, Alex (January 18, 2023). "Fluentd Rides Wave of Roll-Your-Own Observability". https://www.datanami.com/2023/01/18/fluentd-rides-wave-of-roll-your-own-observability/. 
  9. ↑ Gage, Deborah (July 24, 2013). "Treasure Data Raises $5M for Big Data Analytics". https://www.wsj.com/articles/DJFVW00020130724e97oterl8. 
  10. ↑ "SoftBank-Owned ARM Is Said to Agree to Buy Treasure Data". 29 July 2018. https://www.bloomberg.com/news/articles/2018-07-29/softbank-owned-arm-is-said-to-agree-to-buy-u-s-s-treasure-data. 
  11. ↑ Condon, Stephanie (October 15, 2018). "Arm brings Intel, Arduino, myDevices into the Pelion IoT platform ecosystem". https://www.zdnet.com/article/arm-brings-intel-arduino-mydevices-into-the-pelion-iot-platform-ecosystem/. 
  12. ↑ "Arm unit Treasure Data to seek buyer or IPO before Nvidia sale". Nikkei Asia. November 19, 2020. https://asia.nikkei.com/Business/Technology/Arm-unit-Treasure-Data-to-seek-buyer-or-IPO-before-Nvidia-sale. 
  13. ↑ King, Ian; McBride, Sarah (July 20, 2020). "Softbank Hires Goldman for $1 Billion Treasure Data Sale". https://www.bloomberg.com/news/articles/2020-07-20/softbank-said-to-hire-goldman-for-1-billion-treasure-data-sale. 
  14. ↑ Condon, Stephanie (7 July 2020). "Arm proposes spinning off IoT businesses into new Softbank-owned entities". https://www.zdnet.com/article/arm-proposes-spinning-off-iot-businesses-into-new-softbank-owned-entities/. 
  15. ↑ Adebayo, Kolawole Samuel (November 3, 2021). "Enterprise customer data platform Treasure Data gets $234M backing from SoftBank and others". https://venturebeat.com/data-infrastructure/enterprise-customer-data-platform-treasure-data-gets-234m-backing-from-softbank/. 



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