logo
logo

With $8M Seed, Onehouse Builds Open Source Data Lakehouse, Eyes Managed Service

Feb 02, 2022•over 3 years ago

Amount Raised

$8 Million

Round Type

seed

Description

Traditionally, a data lake was a place to store amorphous unstructured data, while a data warehouse was where you put very structured data like credit card information. That began changing in recent years as companies saw a need to merge the two concepts and the lakehouse idea — combining the power of the data lake with the computational power of the data warehouse — began to take shape.

Company Information

Company

Onehouse

About

The company was growing fast and had a serious data problem. Chandar said that these companies are building massive, exabyte-scale databases with Hudi. 9 investors discuss hurdles, opportunities and the impact of cloud vendors in enterprise data lakesAs is often the case with companies built on open source models, some larger companies might have the engineering resources to pull off installing and running the open source project alone, but many companies need help. The startup has 15 employees with plans to double that number this year. And we currently have three different self-identified ethnicities within the company, and we think the announcement is going to help us as well reach beyond our networks and help bring more diversity.”The company plans to use the initial seed capital to keep growing the company, build out the managed product and continue to contribute to the Hudi open source project.