Podium Data, provider of a practical, big data software that boosts access to critical business data, announced on Wednesday, it secured $2 million in initial financing led by CommonAngels Ventures.
Founded by Paul Barth and Steve Richards, the company plans to use the new fund to expand Podium’s enterprise data management product, which was introduced in August last year and targets to improve access to core business data. Paul Berth is an expert developer of data and analytics technologies and Steve Richards was a former CFO of Peoplefluent.
Podium Data got a strong grip among the customers by tackling the persistent problem faced by today’s enterprise which is business data not decision-making-friendly. The business leaders were behind the IT to make the data more accessible and help in faster consolidation and combining the critical information. The platform developed by Podium coverts the data into business ready data and simplified the access to it with a safe and secure environment which has drastically reduced the answering time facilitating better decision making, improved customer service and holding a better competitive edge over others.
“Podium data significantly and cost-effectively advances the ability to make complex business data immediately useful to organizations. CEO Paul Barth is a well-regarded thought leader in big data and a successful serial entrepreneur. CommonAngels Ventures is thrilled to partner with him and the other co-founders in this new enterprise,” said James Geshwiler, managing director of CommonAngels Ventures.