Machine learning technology provider Splunk has paid an undisclosed sum to acquire the technology and intellectual property (IP) of Rocana, a US-based analytics technology developer backed by internet technology group Alphabet.
Founded in 2014 as ScalingData, Rocana had developed a machine learning software platform that captured data from a range of sources before storing it to make it available for analysis. Some of its technical team will join Rocana as part of the deal.
The company had raised $19.4m in funding, $4.4m of which came from a 2014 round featuring GV, the Alphabet unit then known as Google Ventures, as well as venture capital firm General Catalyst Partners and angel investor Brian Stevens.
VC firm Toba Capital subsequently joined GV and General Catalyst for Rocana’s $15m series B round in mid-2015.
Richard Campione, Splunk’s chief product officer, said: “Adding Rocana’s team demonstrates Splunk’s commitment to innovate – through a build, buy and partner approach – as we better serve our customers and partners around the world.
“We are always interested in adding great talent to Splunk, particularly a team such as Rocana’s with experience in large scale data systems and open source technologies.”