QuasarDB raises $2.5 million

QuasarDB, a developer of technologies to handle massive amounts of data in real time, primarily targeting financial markets, announced today the closing of $2.5 million in seed funding. Partech Ventures led the investment round, with participation from Orolia and private investors.

According to the company, the seed round comes after a year in which major Wall Street firms were beta-testing the QuasarDB time series database and offering positive feedback about its performance. Quantitative analysts said that QuasarDB solves difficult performance and scalability problems, enabling them to focus on market analysis and finance strategies.