Stratio, a Madrid, Spain-based third generation big data platform provider, raised €13M in Series B funding.
The round was led by Adara Ventures with participation from GP Bullhound.
The company intends to use the funds for the continued evolution of its Big Data product suite while accelerating the growth of their software subscription business internationally.
Led by CEO Oscar Mendez, Stratio is a Big Data and Artificial Intelligence software company, which supports customers in their Digital Transformation plans by placing their data in the centre of their operations, from data intelligence to corporate culture.
The company has offices in Silicon Valley, Madrid, Sao Paolo, Bogota, and Vancouver.