Today, we are thrilled to announce C5 Capital’s latest investment in Panoply, the world’s first all-in-one cloud data platform, based in San Francisco and Tel Aviv. The new $10 million investment by C5 Capital and Ibex Investors will enable Panoply to expand its sales and marketing efforts and power the next phase of international growth.
Panoply’s innovative cloud data platform combines data warehousing and code-free data integrations. By simplifying ETL and data warehouse management, Panoply makes best-in-class data analysis accessible to teams of all sizes. This is a revolutionary capability in democratising the creation and management of data infrastructure.
Given the accelerated rates of enterprise digital transformation and cloud adoption in 2020, data has become an increasingly strategic asset for businesses to gain a competitive advantage. Panoply’s technology enables customers to ingest data from a wide variety of inputs including Salesforce, HubSpot, NetSuite, Xero, Quickbooks, Freshworks, major BI and analytics tools, and data warehousing services such as Google’s BigQuery or Amazon’s Redshift. The technology makes it easy for users to analyze this data using standard SQL queries, enabling AI applications and new opportunities to derive value from data-driven decision making.
Our new commitment follows C5’s initial investment in 2017, and underscores our confidence in today’s booming market for data warehousing and analytics services. Panoply is a standout among competitors as provides the only all-in-one platform solution.
At C5 Capital, we look not only for companies with substantial growth potential, but for investments where we can serve an active partner and power international expansion to help our portfolio companies succeed. We look forward to working with the Panoply team and board of directors in their next phase of market leadership.