More Big Money for Big Data
In the US, big data analytics provider Terascala has closed a $14m Series B funding round, which it will use to expand its R&D, marketing and customer support, as well as to fuel international expansion.
The Avon, Massachusetts-based company offers a range of analytic and optimization tools and services to enable analysis of big data sets.
Approximately half the firm’s Series B funding has been led by partners close to the company, with Ascent Venture Partners, an early backer of the company, contributing the remainder.
Terascala CEO Steve Butler (pictured) comments: ‘We’re thrilled to close our Series B round with a significant investment from industry leaders and continued support from Ascent. Our pioneering work enables organizations to accelerate big data applications, and clearly, industry leaders are taking notice.’
Web site: www.terascala.com .