Weave Visual Analytics, Inc., a Lowell, MA-based provider of high-performance data visualization and analytic tools, secured $750k in seed financing.
The round was led by Breton Capital Management with participation from the University of Massachusetts angels and insiders.
The company will use the funds for the commercial development and product launch of the first commercially supported version of Weave, which now has more than 250,000 users worldwide.
Co-founded by Georges Grinstein, world-renowned expert in visual analytics, and Howard Berke, serial entrepreneur and startup advisor, Weave Visual Analytics provides Weave 2, an open source, HTML5 based, interactive visualization and analysis platform, as well as professional support, training, customization and consulting services around it.
In support of its growth plan, the company intends to raise additional equity financing from institutional venture capital firms.