Big Data Company RainStor Raises $12 Million Series C From Credit Suisse And Rogers Venture Partners

Funding Rounds

▤ Summary

RainStor develops a relational database that focuses on using compression to make it easier to handle large amounts of data. RainStor originally focused on using its technology to power data-archiving software (both on-premise and in the cloud), but in January the company released a version of its product that runs “natively” on Apache Hadoop. This enables users to compress data stored in Hadoop and use traditional SQL queries instead of writing map reduce code, all the while leaving Hadoop intact for data scientists who do want to use map reduce. The company raised $4 million from Doughty Hanson and Dow Corporate Venture Capital in 2009. It changed its name to RainStor later that year and raised a $7.5 million Series B round in 2010 from Storm Ventures and data-integration company Informatica.

$ Funding

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Amount $12.0M Total raised
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Date October 5, 2012 Announcement date
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Investors Storm Ventures, Ozie Group LLC, Rogers Venture Partners, Credit Suisse, Informatica Lead investors
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Company http://www.rainstor.com Funded company

▥ Classifications

industries
HealthTech
applications
Business Intelligence

◇ AskAI Classifications

Labels
Data Management Software Cloud Data Integration SaaS

▦ Linked Companies

AddressDoctor
$1M to $5M