ParAccel Closes $20M in Funding


ParAccel, Inc., a Campbell, CA-based enterprise analytic platform provider, has closed a $20m in funding.

Backers include existing investors.

The company intends to use the funding to increase adoption of its platform.

Led by chairman and CEO Chuck Berger, ParAccel offers a platform comprised of an analytic database surrounded by extensibility and integration technology as a foundation for running big data analytics.

http://youtu.be/Be9B88ie56I

The company serves clients spanning a wide range of industries, including financial services, government, healthcare, travel, hospitality, information service provider and customer relationship management.
Recently acquired customers include Alliance Health Networks, Department of Defense and TRX, among others.

FinSMEs

25/04/2012

3 comments

  • […] Financial terms were not disclosed since both companies are private. But the deal marks an exit for ParAccel’s investors, including Amazon, MDV, Bay Partners, Walden International, Tao Venture Partners and Menlo Ventures, who had put in a combined $64 million since its founding in 2007. The most recent capital injection was a $20 million venture round led by Amazon that was announced a year ago. […]

  • […] Financial terms were not disclosed since both companies are private. But the deal marks an exit for ParAccel’s investors, including Amazon, MDV, Bay Partners, Walden International, Tao Venture Partners and Menlo Ventures, who had put in a combined $64 million since its founding in 2007. The most recent capital injection was a $20 million venture round led by Amazon that was announced a year ago. […]

  • […] Financial terms were not disclosed since both companies are private. But the deal marks an exit for ParAccel’s investors, including Amazon, MDV, Bay Partners, Walden International, Tao Venture Partners and Menlo Ventures, who had put in a combined $64 million since its founding in 2007. The most recent capital injection was a $20 million venture round led by Amazon that was announced a year ago. […]

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