US-based big data technology provider BlueData secured $20m yesterday in a series C round led by Intel Capital, the corporate venturing arm of semiconductor technology producer Intel.
Growth equity firm Atlantic Bridge, and venture capital firms Amplify Partners and Ignition Partners also participated in the round, as did an additional, unnamed investor.
Founded in 2012, BlueData’s technology uses virtualisation to help enterprises handle big data applications on site, rather than relying on the cloud.
The series C funding will support software development and an expansion of BlueData’s engineering, sales, business development and marketing staff.
Intel and BlueData have also formed a strategic technology and business collaboration agreement. BlueData will optimise its software for use on Intel’s hardware, while Intel will assist with engineering and focus on joint customer acquisition.
The companies will also work together on coordinated product, channel and sales initiatives.
Intel took part in a $15m series B round in September 2013 led by Ignition Partners, and which also included Atlantic Bridge, Amplify, VC fund Data Collective and several angel investors. Intel, Amplify, Atlantic Bridge and Data Collective had already provided $4m in series A funding in February 2013.
Doug Fisher, senior vice president of Intel and general manager of its Software and Services Group, will join BlueData’s board of directors in conjunction with the round.