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 .

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