Sqrrl Gathers Funds for Big Data Platform

Big data analytics firm Sqrrl has secured $7m in a Series B round of funding, which it is using to roll out an updated version of its enterprise platform.

Cambridge, MA-based Sqrrl, which was founded by former computer scientists from the National Security Agency (NSA), provides a big data analytics platform spotting hidden patterns, trends and links in large, multi-structured datasets. Its new funding round has been led by Rally Ventures with participation from existing investors Atlas Venture and Matrix Partners, and will be used to extend its enterprise-class data platform. The updated Sqrrl Enterprise now offers a solution for combining an organization's security, network, endpoint and user data into a single platform.

CEO Mark Terenzoni (pictured) comments: 'Our heritage is about putting big data technologies to work against hard, intractable problems. With the Sqrrl 2.0 launch we are focusing these capabilities on the challenges posed by the cybersecurity threats and vulnerabilities that nearly every organization faces today.'

Web site: www.sqrrl.com .

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