Big data analytics company Platfora raises $38 million in funding

Platfora, the startup that sells an analytics and visualization application designed to run on Hadoop, has raised a $38 million series C round of venture capital. Tenaya Capital led the round, with participation from new investors Citi Ventures, Cisco and Allegis Capital, and prior investors Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel. 

The big data startup Platfora announced on Wednesday that it raised $38 million in a series C round led by Tenaya Capital. The round also included Citi Ventures, Cisco, Allegis Capital, Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures, and In-Q-Tel and increases the San Mateo, Calif.-based company’s total financing to $65 million. Ben Werther, the company’s chief executive, says he is trying to take advantage of the increasing popularity of Apache Hadoop, the open source database that gives businesses the flexibility to store data without deciding its structure ahead of time and the ability to do so inexpensively.

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