Sierra Ventures led Treasure Data’s Series A round of $7.7M in Q3:13. Over the next three years, the company raised a $15M Series B from Scale Venture Partners and an $11.3M Series C from SBI Ven Capital. Treasure Data had established a leadership position in Customer Data Platform, and was exploring how to become relevant in the Device Data space when we learned that ARM (acquired by Softbank in 2016) was developing a strong vision to turn a very successful semiconductor IP design company into the world leading IoT company. They were passionate about Treasure Data’s technologies and decided to acquire the company for $600M in August 2018.