Star Analytics Lands $3.5m Funding

In the US, enterprise software solution firm Star Analytics has raised $3.5 million in venture capital, which the firm says it will use to scale operations in the light of growing client demand.

The firm's products automate the integration and sharing of data for business analysis and financial reporting, and are used by clients across a wide range of industries to analyse data and accelerate business decision making. Its flagship product, Star Integration Server, enables corporations to derive greater value from their business intelligence and data warehousing investments.

This first round of funding has been co-led by technology capital venture funding companies Hummer Winblad Venture Partners and Lightspeed Venture Partners.

Trevor Hughes, President & CEO of Star Analytics commented: 'This funding represents a strong endorsement for our vision to transform the way businesses manage and use financial data. Leading corporations are turning to us to liberate data from their proprietary systems and make it available to decision makers throughout their companies.'

Based in Palo Alto, Califonia, the company is online at www.staranalytics.com.

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.