Aster Data, a US-based provider of data management services, has raised $30m in its series C round a week after hiring Quentin Gallivan as its executive president.
An undisclosed strategic investor joined the consortium backing Aster. Venture capital firms Sequoia Capital, Jafco Ventures, Institutional Venture Partners (IVP) and Cambrian Ventures reinvested in Aster’s C round, along with angel David Cheriton, who previously backed search engine group Google and data services peer VMware.
In February last year, Aster raised $17m in its series B round, including a $5m extension from IVP, and its seed and series A closed at an aggregate $10m.
Separately, Mayank Bawa, founding chief executive of Aster, last week moved to be chief customer officer with Gallivan’s appointment, who had previously been chief executive of software company PivotLink.
Since 2008, Aster has doubled revenue year-over-year and its customers include social networking group MySpace, analysis company ComScore, book retailer Barnes & Noble and internet services company Akamai.