Treeverse, the creator of lakeFS, an open-source technology that brings streamlined data lifecycle management and version control to data lakes, announced on Wednesday $23 million in Series A funding. Dell Technologies Capital, Norwest Venture Partners, and Zeev Ventures led the round.
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"We created lakeFS to solve the pain and frustration we knew firsthand as data engineers ourselves," says Treeverse co-founder and CEO Einat Orr.
"We're most proud of how lakeFS elegantly solves the file system challenge for data lakes of exponential size and how the growing community around it is involved in finding new ways to leverage lakeFS to improve their data workflows. We plan to use this round of funding to perfect the open-source core capabilities and build a SaaS offering over it that allows fast creation of predefined workflows that are essential for managing an ever-growing amount of data within every enterprise," Orr said.
