Series A Funding a Huge Success for Reltio, Also Introduces Reltio Cloud
PALO ALTO, CA: Reltio, the modern data management and data-driven applications company today officially entered the market with the announcement of Series A funding in the amount of $10 Mn from Crosslink Capitaland .406 Ventures, as well as the general availability of its signature offering, Reltio Cloud.
“Our unique approach and value proposition received significant interest from the venture community. Crosslink Capital and .406 Ventures make the perfect partners—they share and support our vision, and we look forward to collaborating with them as part of their portfolio of innovators,” says Manish Sood, Founder and CEO of Reltio
Reltio Cloud consists of enterprise-class data-driven applications with a modern data management platform, uniquely combining reliable master data, relevant big data insights, and intelligent recommended actions.
“Data is the new natural resource, but it’s truly valuable only when it’s effectively mined, related and transformed into insight with business actions that can be taken within the context of day-to-day operations,” adds Sood.
Designed for a generation of business users accustomed to the ease of LinkedIn and Facebook, Reltio offers a new breed of enterprise data-driven applications that combine operational and analytical capabilities to manage and act on a complete view of relationships between people, products, places and activities. To accomplish this, Reltio seamlessly fuses multiple data types—including multi-domain master data, transaction and interaction data, third-party assets, and public and social data.
At the core of Reltio’s modern data management platform is the Reltio Commercial Graph. Much like the LinkedIn economic graph and Facebook social graph, this columnar-graph hybrid repository combines, connects and stores an infinite number of attributes and relationships. Reltio also includes data-as-a-service (DaaS) for real-time delivery of third-party, social and public data sources directly into each application.
Also, data-driven applications are available directly through Reltio, and partners such as ZS Associates, Cognizant, HighPoint Solutions. Industry cloud-based applications can easily be configured to meet the specific needs of particular verticals.
The unique challenges faced by healthcare and life sciences companies make Reltio data-driven applications ideal for key account management, affiliation management, HCP/HCO management, product data intelligence, plan and payer management, key opinion leader and clinical trial investigator management.
Companies are also using Reltio in other areas, such as to support next-generation Mergers and Acquisitions (M&A) activities. Reltio Cloud can be deployed as a big data platform supporting both structured and unstructured data at any volume and scale; blending multi-domain master data, reference data, transaction, interaction and social data into a single unified view. Rapidly deployed, with granular security and access controls, Reltio Cloud supports pre-merger planning and execution, as well as immediate operational and analytical use post merger.
“With Reltio, data is collated and analyzed for actionable intelligence with the speed needed to support innovation and spark new revenue streams. IT gets a modern data management platform while business users get easy to use data-driven applications to address their everyday needs,” Sood continues.