Concurrent, Inc., a San Francisco, CA-based enterprise data application platform company, raised $10m in Series B funding.
The round was led by new investor Bain Capital Ventures with the participation from existing investors Rembrandt Ventures and True Ventures. In conjunction with the funding, Salil Deshpande, managing director at Bain Capital Ventures, joined Concurrent’s board of directors.
The company intends to use the funds for research and development of its flagship product Driven and scale its operations.
Led by Gary Nakamura, CEO, Concurrent delivers products that allows enterprises to create, deploy, run and manage data applications at scale. Its Driven was designed to accelerate the development and management of enterprise data applications while Cascading is a widely deployed platform for data applications with more than 150,000 user downloads a month. It is used by thousands of businesses including eBay, Etsy, The Climate Corp and Twitter.
20/03/2013: Concurrent Raises $4M in Series A Funding