DEEP DILIGENCE Analysis
N
NexusData
Example Report·nexusdata.io·STRONG PRIORITY
Confidence Score
88/100
45
Agents Used
5.2hrs
Analysis Time
85%
Data Quality
STRONG PRIORITY
NexusData
NexusData is a next-generation data infrastructure platform that enables enterprises to unify, govern, and activate their data across cloud and on-premise environments. Founded in 2022, the company has rapidly gained traction with Fortune 500 enterprises seeking to modernize their data stack without costly migrations.
Confidence Score
88/100
Investment Highlights
- ✓Exceptional founding team with deep domain expertise from Snowflake, Databricks, and Google
- ✓Strong product-market fit evidenced by 180% NRR and zero logo churn
- ✓$8.2M ARR growing 240% YoY with path to profitability
- ✓Massive $47B TAM with regulatory tailwinds accelerating adoption
- ✓Proprietary technology with 3 patents pending on data virtualization
- ✓Blue-chip customer base including Microsoft, JPMorgan, and Pfizer
Key Risks
- ⚠Snowflake and Databricks are building similar capabilities
- ⚠Long enterprise sales cycles (6-9 months) require significant capital
- ⚠Key person dependency on CTO for core architecture decisions
- ⚠Limited international presence in a global market opportunity
Investment Memo
NexusData represents a compelling Series B investment opportunity in the enterprise data infrastructure space. The company has demonstrated exceptional execution in a massive market, building a differentiated product that solves a genuine pain point for data teams at large enterprises. The founding team brings rare domain expertise - CEO previously led enterprise sales at Snowflake, CTO was a founding engineer at Databricks, and CPO built data products at Google. This combination of go-to-market excellence and technical depth is exactly what's needed to win in this market. The product's core innovation - enabling data access across fragmented systems without expensive ETL processes - addresses a $47B market opportunity. With new data privacy regulations (GDPR, CCPA, and emerging US federal requirements), enterprises are under increasing pressure to understand and govern their data, which plays directly to NexusData's strengths. Traction metrics are impressive: $8.2M ARR, 240% growth, 180% NRR, and zero churn. The customer roster includes Microsoft, JPMorgan, and Pfizer - validation that the product can meet enterprise requirements. Key risk is competitive response from well-funded incumbents. Snowflake's recent announcements suggest they're moving in this direction. However, NexusData's head start and pure-play focus should provide defensibility for the next 2-3 years. Recommendation: Invest $15M at $180M pre-money for 7.7% ownership. This is a high-conviction opportunity with category-defining potential.
Recommended Action
Proceed with $15M investment at $180M pre-money valuation
Next Steps
- Complete technical diligence call with CTO (2 hours)
- Customer reference calls with JPMorgan and Pfizer
- Legal review of patent applications
- Finalize term sheet by end of week
- Target signing within 2 weeks
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