Deals

Data analytics provider Truviso takes $3M bridge, preps for third round of capital

Truviso, maker of data analytics software, has raised a $3 million bridge round of funding in hopes of getting itself in shape to raise a third round of capital next year. The financing came from Diamondhead Ventures, Onset Ventures and UPS Strategic Enterprise Fund, the same firms that previously provided Truviso with $10 million.

The Foster City, Calif., company is different from similar analytics providers because its software can analyze high-volume data as it comes in instead of after the fact. For example, a client can set up specific queries upfront that will be answered in real time as more data streams in, according to VentureWire. Founded in 2005, Truviso says it needs $10 million more to break even.

The company made news earlier this month by restructuring its management team.

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