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Ahana Raises $2.25 Million In Seed Funding

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Presto-based analytics company Ahana has raised $2.25 million in funding led by GV (formerly Google Ventures) along with participation from Leslie Ventures and other angel investors.

Additionally, Ahana has joined the Linux Foundation’s Presto Foundation. Ahana said it plans to use the funding to expand its technical team and deliver Presto-based analytics products. Founded during the Coronavirus pandemic, Ahana is a remote from the start company.

“The data analytics market is evolving, as enterprises look for new opportunities to manage analytical data cost-effectively and at scale. There is a pronounced movement away from expensive, highly-structured data warehouses to ‘data lakes’ of raw data,” said Dave Munichiello, General Partner, GV. “We see an opportunity in companies who power simple and efficient analysis of this type of raw data and are drawn to Ahana’s vision that leverages the rapidly-growing Presto open source project.”

Co-founded by Steven Mih (formerly Couchbase, Aviatrix, Alluxio) and Dipti Borkar (formerly IBM, Couchbase, Alluxio), Ahana brings together decades of cloud, open source, database and distributed systems experience to be the only commercial company focused on PrestoDB, the project hosted by the Linux Foundation’s Presto Foundation.

Presto has become one of the fastest growing open source projects in the data analytics space since Facebook open sourced the technology in 2013.

“As two of our earliest members, Steven and Dipti have been strong supporters of the Presto Foundation since its launch in September 2019,” said Brian Hsieh, Head of Uber Open Source and Chairperson, Presto Foundation Governing Board.

“It is our honor to welcome their new company, Ahana, to the Presto Foundation. We look forward to working together to advance our shared mission of building a collaborative, neutrally governed and open community to foster the growth of the PrestoDB ecosystem for users worldwide,” Hsieh added.

In 2019, Facebook donated the Presto project to the Linux Foundation to create the Presto Foundation along with founding members Uber, Twitter and Alibaba.

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