Continuum Analytics, the Austin, TX-based developer of open source analytics platform Anaconda, powered by Python, secured $10m working capital line of credit.
Silicon Valley Bank provided a $5m operating line of credit along with an additional $5m venture debt instrument.
The company will use the funds to supplement its current equity capital and to fund ongoing growth.
Continuum provides Anaconda, a platform that enables organizations to analyze, manage and visualize big data in order to make critical decisions. Built on Python, Anaconda integrates into existing IT environments to provide flexibility and ease in exploring and leveraging data.
To date, more than two million users have adopted the Anaconda platform to conduct risk analysis in financial services, process Hubble telescope images, transform media monetization and counter human trafficking.
Customers include more than 200 of the Fortune 500, 19 of the Fortune 25 and 8,000 universities around the world. Boeing, Procter & Gamble, Pepsi, Schlumberger, the U.S. Department of the Treasury and the Securities and Exchange Commission.