We originally reported on this funding news last week, and mistakenly named the wrong lead investor. Bessemer led the round, with participation from existing investors, including DFJ, Susa Ventures, Innovation Endeavors and AngelPad.
As a part of the deal, Bessemer’s Ethan Kurzweil will join the board at Periscope Data.
CEO Harry Glazer told TechCrunch that the next phase for the company is around preparing for larger enterprise customers by expanding the product and the go-to-market strategy. He explained that one of the great challenges for Periscope Data is selling to data scientists.
“Reaching and empowering data scientists is different from reaching sales or IT or human resources. Those sales cycles are well established,” said Glazer. “Selling to a technical audience is something Ethan is deeply experienced in.”
Periscope Data generates revenue by charging based on data volume, but Glazer sees an opportunity to add more premium features for large enterprise companies. These features could range from reporting and collaboration to security and authentication.
This latest round brings Periscope Data’s total funding to $34.5 million, according to Crunchbase.