Pentaho raises $12M for open source “business intelligence” software
Pentaho, an open source “business intelligence” company, said it has raised a $12 million third round of funding Benchmark Capital.
The funding comes at a time of significant consolidation in the estimated $6.25 billion business intelligence industry: Within the last year, Oracle has acquired Hyperion, SAP acquired Business Objects and IBM acquired Cognos.
Existing investors Index Ventures and New Enterprise Associates also joined the round.
The investment is a predictable one by Benchmark, even if the firm prides… Continue Reading