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USAA invests in California data-management company

News | 10.07.2015 | 2 min read

RobinSystems

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USAA invests in Robin Systems – Robin Platform for Big Data

Robin Systems Inc., a California-based software technology company, has closed on a new funding round of $15 million that was led by a subsidiary of San Antonio-based USAA and DN Capital, with participation from Hasso Plattner Ventures and existing investors. Read more

USAA invests in California data-management company

Robin Systems Inc., a California-based software technology company, has closed on a new funding round of $15 million that was led by a subsidiary of San Antonio-based USAA and DN Capital, with participation from Hasso Plattner Ventures and existing investors.

The newest round of funding brings the total investment in Robin Systems to $22 million. Robin plans to use the funding to further develop its data-centric solutions. The company is working to help large enterprise customers accelerate, consolidate and simplify their modern data applications using a combination of containers, Flash and storage virtualization technologies.

“Improvements in computing technology have enabled the processing of greater data sets in less time, but the technology to enable efficiency of that process has not kept pace with agility demands of today’s business,” Robin Systems’ Chairman and founding investor Rajeev Madhavan. “Robin Systems is uniquely positioned to relieve that struggle.”

The company would not disclose the level of funding from each investor.

“When USAA invests in a company, we’re looking for innovations that could help us better serve our members,” said Gopi Rangan, executive director of USAA Corporate Development in a news release. “Robin has demonstrated a new perspective on data infrastructure and we’re excited to invest in them.”

San Antonio-based USAA provides insurance, banking, retirement products and financial advice to 10.1 million members.

Check out Robin Platform for Big Data and Relational Databases

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