Continuuity Raises $10M in Series A Funding


Continuuity, a Palo Alto, CA-based Big Data application platform, has raised $10m in Series A funding.

The round was led by Battery Ventures and Ignition Partners, with participation from Andreessen Horowitz, Data Collective and Amplify Partners. In conjunction with the deal, Roger Lee from Battery Ventures, and Cameron Myhrvold from Ignition Partners, will join Continuuity’s board.

The company intends to use the funds to accelerate product development and drive forward its go-to-market strategy.

Co-founded by CEO Todd Papaioannou and Jonathan Gray, Continuuity recently emerged from stealth to introduce its platform, the Continuuity AppFabricâ„¢, which harnesses the Hadoop ecosystem to allow developers to deploy, scale and manage Big Data applications both in and outside of the firewall.

FinSMEs

14/11/2012

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