Friday, October 5, 2012

RainStor Raises $12 Million for Big Data Compression

RainStor, a start-up based in San Francisco and Gloucester (UK) raised $12 million in Series C funding for its  database solutions for Big Data.

RainStor provides a database, which through compression technologies enables the enterprise to manage and analyze petabyte scale data sets. RainStor uniquely provides analytic and query access via standard SQL, popular BI tools and native MapReduce when running on HDFS.

The new funding came from Credit Suisse and Rogers Venture Partners. Existing investors Doughty Hanson Technology Ventures, Storm Ventures and The Dow Chemical Company also participated in the round.