Hadapt, a Cambridge, MA-based developer of a big data platform that integrates Hadoop with a structured data store to allow analytics across both structured and unstructured data, has closed a $9.5m Series A financing.
The round was led by Norwest Venture Partners (NVP) and Bessemer Venture Partners.
Hadapt plans to use the funding to accelerate product development, scale operations, and expand market development for its software solution. The company is relocating to Cambridge in order to continue to attract and grow its team of engineers (http://www.hadapt.com/jobs/).
Enabled by patent-pending technology first developed as research under co-founder and Yale professor Dr. Daniel Abadi, Hadapt is an analytical platform that natively integrates Apache Hadoop and advanced database technology to allow companies to perform new kinds of analytical workloads across structured and unstructured data.
Professor Abadi also serves as Chief Scientist at the company.
In conjunction with the funding, Matthew Howard, general partner at NVP, and Felda Hardymon, partner at Bessemer, have joined Hadapt’s Board of Directors. The company has also appointed former HP, Opsware, and Aster Data executive Sharmila Shahani-Mulligan to its Board of Directors, and has hired former MarkLogic CEO and Business Objects SVP Dave Kellogg as an advisor.
FinSMEs
24/10/2011