General Catalyst and BuildGroup invest $24 mn in Continuum Analytics

Continuum Analytics has secured $24 million Series A funding round led by General Catalyst Partners and BuildGroup, to accelerate product development, expand sales and marketing.

The fund will also be invested to strength the Python and Anaconda communities.

Earlier Defense Advanced Research Projects Agency (DARPA) invested $10 million in Continuum Analytics which brings total funding of $34 million till date.

With the help of Continuum’s Anaconda platform organizations can analyze, manage and visualize big data in order to make critical decisions.

Anaconda is built on Python and integrates into existing IT environments to provide unprecedented flexibility and ease in exploring and leveraging data.

The company said organizations use Anaconda to conduct accurate risk analysis in financial services, process Hubble telescope images, transform media monetization and counter human trafficking.

“Anaconda—Continuum’s enterprise-ready Python-based platform has seen rapid adoption and is well loved by data scientists, from individuals to some of the largest organizations in the world,” said Donald Fischer, Venture Partner at General Catalyst.

“The Anaconda platform continues to be a trusted standard for the world’s best data scientists and a main driver in the Python movement,” said Lanham Napier, co-founder at BuildGroup.

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