ParAccel Receives Additional Investment from Amazon.com

Published On July 7, 2011 |

ParAccel, Inc., a San Diego, CA-based provider an analytic platform, has received an additional investment from Amazon.com, Inc. (NASDAQ:AMZN) .

Amazon joins existing investors, Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank in the financing.

The Company intends to use the funding to expand its reach and further develop its technology.

Led by chairman and CEO Chuck Berger, ParAccel provides analytic database solutions and services designed to power strategic analytics and streamline the decision process. Customers include companies in the financial services, retail and healthcare industries, as well as government agencies.

FinSMEs

07/07/2011

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