Sequoia Holdings, Inc. Establishes New Venture Investment Arm For Seed Investments
RESTON, VA – July 09, 2015: Sequoia Apps, the new venture investment arm of Sequoia Holdings, Inc announced today that it has closed its first series seed investment in Immuta, Inc. Immuta, a next-gen enterprise data management platform provider, recently closed a heavily oversubscribed seed round, led by Blu Venture Investors, LLC. In addition to Blu Venture and Sequoia Holdings, Immuta’s seed round also saw participation from well-respected DC and NYC area angel investors. The funding will be used to drive customer growth, brand awareness and continued platform improvements.
“We are thrilled to be supporting such a disruptive business for enterprise cloud usage,” said T. Richard Stroupe, Jr. Sequoia Holdings, CEO. “Organizations are spending billions of dollars to consolidate its data into massive data lakes for analytics and business intelligence without any true confidence applications will achieve a high degree of performance, availability and scalability. Immuta is focused on addressing these concerns while providing a means to simply and securely gain access to disparate enterprise data through its platform.”
“Software engineers take it for granted that every data project entails tedious and expensive infrastructure design, coding and configuration, essentially re-doing work from other data projects”, said David Swearingen, Sequoia’s Director of Data Analytics. “Immuta has tackled this problem with an extraordinary platform that will finally allow developers and data scientists to focus on business-specific implementation.”
Founded by former U.S. Intelligence community contractors, Immuta’s primary focus is to build a common “distributed data framework” that has the highest level of security for highly-sensitive data processing. Immuta’s mission is to facilitate data management across the enterprise by providing the tools necessary to align the work of the Data Engineer, Business Analyst and Data Scientist, freeing them to focus on end products, not infrastructure or middleware.
Sequoia is an award-winning, employee-owned provider of high-end software engineering and analytic services centered on improving the analytic, collection, collaboration and sharing of data. Headquartered in Reston Virginia, we’re a team of passionate, dedicated individuals who love collaborating to build exceptional software products and solutions. We leverage proven agile methods and open source technologies to build stable, scalable, extensible software for our clients.
As a trusted, long-term partner, Sequoia works side by side with our clients, offering expert, objective software and systems development lifecycle advice and solutions to help solve their most important and complex problems. Our unique approach to developing innovative technology consulting solutions combines deep domain expertise with strong capabilities in strategy, analytics, technology and operations. Developing innovative solutions and investing in passionate technologists is our core mission, and we’re just getting started!
For more information about Sequoia, please visit us at http://www.sequoiainc.com, follow us on twitter @sequoiainc or call 703-436-6980.
Lucia Simmons, Director