Onehouse Raises $35M Series B

OneHouse, a Sunnyvale, CA-based universal data lakehouse company, raised $35M in Series B funding.

The round, which brought the total amount to $68M, was led by Craft Ventures. Existing investors Addition and Greylock Partners also participated.

Led by CEO and Founder Vinoth Chandar, Onehouse delivers the data lakehouse in minutes as a fully managed, cloud-based service, and provides solutions for companies to manage their own data lakehouses efficiently. Since bringing its Universal Data Lakehouse platform to market last year, the company has established key partnerships with industry leaders, including Amazon Web Services and Confluent.

With this financing, Onehouse is launching two new products designed to increase lakehouse performance and reduce cloud storage and processing costs by an order of magnitude. The two new solutions are:

  • Onehouse LakeView: A free cloud service that provides monitoring and insights to help data engineers manage and operate data lakehouse tables.
  • Onehouse Table Optimizer: A managed cloud service that optimizes existing tables to¬†accelerate data ingestion and ETL for up-to-the-minute freshness.