Big Data Platform DataGravity Raises $50m

In the US, big data storage platform DataGravity has raised $50m in a Series C round of investment, which it will use for product development and strategic expansion.

The New Hampshire-based firm offers a patent-pending 'data-aware' storage and search platform which analyzes data as it is uploaded. New funding has been led by Accel Partners, with support from previous investors Andreessen Horowitz, CRV, and General Catalyst Partners, and brings total investments in DataGravity to $92m.

CEO and co-founder Paula Long (pictured) comments: 'The enthusiastic support we have received from customers, partners, analysts and investors underscores the deep need in the market for data-aware storage that delivers a competitive business advantage.'

Web site: www.datagravity.com .

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