US-based business intelligence software developer AtScale has closed a $25m series C round that included corporate venturing representatives of UMC Capital and mass media group Comcast.
UMC Capital and Comcast Ventures were joined by growth equity fund Atlantic Bridge, which led the round, as well as Wells Fargo Securities, a branch of financial services firm Wells Fargo, and venture capital firms Industry Ventures, Storm Ventures and XSeed Capital.
AtScale has created a business intelligence platform that makes use of big data, but unlike similar products that separate data into multiple, siloed stacks, its software utilises a semantic layer that allows large amounts of data to be accessed and managed in a single place.
The company has now raised $45m in venture funding, $11m of which came in a May 2016 series B round led by Comcast Ventures that included UMC, Storm Ventures, XSeed Capital and AME Cloud Ventures.
XSeed Capital had led AtScale’s $2m seed round in 2013, before the company added $7m in a mid-2015 series A round led by UMC Capital and backed by XSeed, AME Cloud Ventures and Storm Ventures.