US-based big data technology provider Talena emerged from stealth on Tuesday with $12m in a series A funding from backers including the corporate venturing units of chip maker Intel and IT services provider Wipro.
Intel Capital and Wipro Ventures invested alongside venture capital firms Canaan Partners and Onset Ventures in the round. The company, which was founded in 2013, has not disclosed any previous funding.
Talena’s software, dubbed Talena Big Data Availability Management, facilitates big data management processes. The series A round will support product development, customer support and commercialisation efforts.
Nitin Donde, founder and CEO of Talena, said: “Each of our investors brings unique big data expertise to our team and will help shape how we take advantage of this incredible opportunity.
“They have invested in some of the best known big data companies and have a deep understanding of customer issues from witnessing numerous implementations. We are excited to leverage their market, domain and customer knowledge to solve today’s critical data availability management challenges.”