Stealthy’ Big-Data Company Saama Emerges with $35M

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In this feature, Reporter Deborah Gage explains the history of Saama Technologies, the vision of Founder Suresh Katta, and why the company raised $35 million in series A funding from Carrick Capital Partners long after the firm was established and profitable. “Mr. Katta imagined that corporations would want to be able to find, aggregate and analyze large volumes of data… It was an unusual idea at the time, and with almost no sales or marketing and no venture capital, which he repeatedly turned down, he built a company that has been profitable every quarter… Now he thinks Saama has a chance to get significantly bigger. The company, which has less than $100 million in revenue, is finally ‘coming out of stealth,’ as Mr. Katta put it, and has raised $35 million from Carrick Capital Partners.”

“Carrick Capital Managing Director Marc McMorris, who joins Saama’s board, said Saama will be successful because it combines technology and services in a way that most other big data companies can’t. He believes competitors will have to follow Saama’s lead. ‘Companies often find themselves in a position where adopting the next new technology sounds great on paper, but the back end is challenging, there’s the risk of the new, and does the new even fit with the old,’ Mr. McMorris said.”

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