Greenplum, a San Mateo, Calif. provider of open source database software for business intelligence, said it has raised $27 million in a third round financing.
It was led by Meritech Capital Partners, and includes Sun Microsystems and SAP Ventures, a division of software giant SAP.
The new funds will be used to continue development of Greenplum’s database, the company said, as well as to help market the product globally. The company says the global database market is $20 billion. Maybe that’s why there are so many competitors. They include DATAllegro, EnterpriseDB and ParAccel, all open-source products built upon the PostgreSQL relational database management system.
Greenplum, a five-year-old company, is supported on Linux, Solaris and OSX.
The financing follows $15 million raised in February last year from Sierra Ventures.
Tags: co:Greenplum, deal, inv:Meritech, inv:SAP-Ventures, inv:Sun-MicrosystemsOne Comment
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Joe M. said:
The company I use to work for was using GreenPlum’s business intelligence software, so this is pretty good news, I will be interested to see how they use the new funding and what kind of advancements we can expect to see in the future.
2 Trackbacks
7:29 pm
MarketWatch Weekly Updates 20080130 - CGC Market Watch - 华创资本(China Growth Capital) said:
[...] 开源商业智能数据库软件公司Greenplum第三轮融资2700万美元，本轮融资由Meritech Capital Partners领投，Sun Microsystems及SAP Ventures也参与了本轮投资。(link) [...]
1:35 pm
Greenplum unveils petabyte-scale database » VentureBeat said:
[...] news that the San Mateo-based company raised $27 million in a third round of funding. (Read our coverage.) Tagged co:Greenplum VentureBeat [...]