Arundo Analytics announced today an initial closing of $25 million on its Series A financing round. Several leading investors participated in the round, including Sundt AS, Stokke Industri, Horizon, Canica, Strømstangen and Arctic Fund Management. Existing investors Stanford-StartX Fund and Northgate Partners also participated. Arundo Analytics
NGDATA, a consumer intelligence management solutions company, acquired $19 million in Series C financing, led by HPE Growth Capital. IDinvest Partners, SmartFin Capital, Capricorn Venture Partners, Nausicaa Ventures, and Pamica also participated. NGDATA combines Big Data management and machine learning technologies into an integrated solution
Enterprise IT startup Bigstream announced the close of its Series A financing. Three investors participated in the round: Intel Capital, Cota Capital, and Oriza Ventures. Bigstream provides hyper-acceleration technology for popular “big data” processing engines, using both hardware and software accelerators, such as Apache Spark. Hyper-acceleration
Software startup AtScale announced it has secured $25 million in Series C financing led by Atlantic Bridge Ventures. Wells Fargo & Co., Industry Ventures, Storm Ventures, UMC Capital, Comcast Ventures and XSeed Capital also participated. AtScale, which was was created by Hadoop and business intelligence
Enterprise IT startup Logtrust closed $35 million in Series B financing led by Insight Venture Partners, with participation from Kibo Ventures. Logtrust offers big data analytics through a solution that enables real-time analytics for operations, fraud, security, marketing, IoT and other business areas. Recognized as