Pentaho Lands $23m for Big Data Expansion

Business intelligence and analytics firm Pentaho has raised $23m in Series C funding, which it plans to use to expand its big data capabilities.

Founded in 2004, Pentaho offers business analytics through a suite of data access, visualization, integration, analysis and mining solutions. To date, the firm has raised a total of $55m, with its latest round led by New Enterprise Associates with participation from previous investors Benchmark Capital, Index Ventures and DAG Ventures.

CEO Quentin Gallivan (pictured) comments: 'Pentaho has a proven big data strategy with over 300% increase in big data sales for the first nine months of 2012 over the same period in 2011. This Series C investment allows us to keep pace with fast-moving technology innovations, recruit the necessary talent to execute on our big data strategy, and to expand our leadership in big data analytics.'

Web site: www.pentaho.com .