Phemi, a Vancouver, Canada-based big data warehouse company, raised $12.2m in venture capital financing.
The round was-co led by CTI Life Sciences Fund (CTI) and British Columbia Discovery Fund (Discovery Capital) with participation from BDC Capital Healthcare Venture Fund and Yaletown Venture Partners.
The company intends to use the funds to expand its sales, marketing and engineering efforts.
Led by Dr. Paul Terry, president and CEO, Phemi PHEMI combines big data with security and performance to let organizations access and mine any variety of data at any volume to drive insights that improve outcomes, and allow better decisions faster.
With an initial focus in the healthcare and life sciences sectors, the company will now expand to include a variety of data-driven communities, including public sector, insurance and financial services.