Sierra Ventures is excited to announce that portfolio company Treasure Data is being acquired by SoftBank owned ARM for an undisclosed amount. Arm is acquiring Treasure Data to set the stage for the IoT transformation—the new Arm Pelion IoT Platform will enable organizations to quickly and securely create actionable insights from IoT, enterprise, and third-party data. Sierra Ventures has been an investor of Treasure Data since 2013, leading their Series A round, and investing in Series B and C rounds.
Hiro Yoshikawa, Treasure Data’s Co-Founder and CEO says in his blog, “Today all of us at Treasure Data enter a new phase in our history after being acquired by global chip technology and IoT services leader company Arm. It is a time of immense opportunity – as we’ll gain from the investment power of being part of Arm.”
Tim Guleri, Sierra Ventures’ Investing Partner says, “Outstanding execution by my friends Hiro Yoshikawa, Kazuki Ohta, Sadayuki Furuhashi and Dan Weirich. It was a pleasure to lead Series A, and be along for the journey with you guys. Building such huge value in a compressed time, as well as recognition by ARM, is a testament to your vision, ability to hire, worldwide execution and product smarts. I will miss our BOD meetings, but look forward to your continued success. Textbook execution of Sierra Ventures B2B playbook.”
Tim is a former serial entrepreneur, having built two successful software infrastructure companies: Scopus Technology (IPO in 1995) and Octane Software (M&A – Epiphany $3.2 billion). He joined Sierra Ventures as Managing Director in 2002 and focuses on Big Data and Artificial Intelligence. Since joining, he has taken two companies public (Sourcefire – FIRE and MakeMyTrip – MMYT), and has been responsible for several M&As. Tim holds a BA in Electrical Engineering from PEC University of Technology (India) and an MS in IEOR/Robotics from Virginia Tech. His passion (outside of his family and companies) is soccer.