Data operations platform Satori today announced that it raised $20 million in a series A round led by B Capital Group and Evolution Equity Partners, with participation from Satori’s seed investor YL Ventures. The company says it’ll use the funds, which bring its total raised to $25 million, to support product R&D and expand its go-to-market operations in the U.S.
As enterprises look to move data and analytics to the cloud, they are in some cases facing challenges, slowdowns, and other major barriers to entry. Over 90% say that migration is going slower than it should, mainly due to concerns about compliance, security, and technology maturity. In fact, according to a recent survey published by analytics firm Statista, around 83% of organizations find security to be a significant challenge or somewhat of a challenge in using cloud computing technology.