CtrlB Raises $2.5 Million Seed Funding to Expand Unified Data Platform
- CtrlB raises $2.5 Million seed funding led by Chiratae Ventures.
- Platform delivers real-time data insights and cuts storage costs up to 80%.
- Plans to expand team, acquire 50+ enterprise clients, and reach $1 Million ARR.
CtrlB, a unified data platform startup, has raised $2.5 million in a seed funding round led by Chiratae Ventures. Other investors participating in the round include Equirus, InnovateX Fund, Campus Fund, and Point One Capital. The fresh capital will help the company scale its diskless data lake platform and strengthen its presence in India and the United States.
Founded in 2023 by Adarsh Srivastava, who started coding at the age of 14, CtrlB focuses on helping companies monitor and manage large volumes of data generated by software and security systems. The platform collects logs, traces, and metrics in a single location, allowing engineers to search, analyse, and fix issues quickly. Srivastava explained that downtime can cost companies millions, and CtrlB aims to minimize this by providing faster insights.
The startup’s platform leverages advanced data compression and unique storage methods to handle massive data volumes efficiently, reducing storage costs for clients by up to 80%. Unlike existing tools that can take 15 to 20 minutes to provide results, CtrlB delivers insights in 5 to 10 seconds, offering both speed and cost advantages.
CtrlB plans to use the funding to accelerate engineering, research, and development, and pursue patents related to its core indexing and compression technology. The company also aims to achieve enterprise certifications such as SOC 2 and ISO 27001 to strengthen its credibility with enterprise clients.
Currently, CtrlB has a team of 12 employees and plans to expand to 50-60 members, focusing on distributed systems, DevOps, solution architecture, and US-based sales. The startup is targeting more than 50 enterprise customers over the next 18 months, spanning sectors such as logistics, fintech, e-Commerce, and SaaS, with an aim to reach $1 million in annual recurring revenue (ARR).
By combining speed, efficiency, and cost-effectiveness, CtrlB is positioning itself as a key solution for enterprises seeking to manage and analyse their data more effectively. With this funding, the company is set to accelerate its growth and expand its footprint in the global data platform market.
