Big Data Firm Platfora Raises $30m

US-based big data software company Platfora has secured a $30m round of growth funding, bringing the total amount it has raised to $95m.

Platfora's Hadoop-based apps allow non-specialist business users to explore, interact with and derive insights from massive data sets, via a web-based interface. The latest funding round comes from new investors HSBC and Harmony Partners, with participation from earlier-stage backers including Allegis Capital, Andreessen Horowitz, Battery Ventures, Citi Ventures, Cisco, Sutter Hill Ventures and Tenaya Capital. It adds to $38m raised last year, and $20m secured in 2012.

Recently appointed CEO Jason Jintak (pictured) comments: 'I'm very pleased with what Platfora has been able to achieve in a relatively short amount of time. No doubt, 2016 will be our best year yet as the value of Platfora is now proven across many industries and the ROI is obvious'.

Web site: www.platfora.com .

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