US-based big data analytics company Govini has raised a $20m series C round from investors including Salesforce Ventures, the corporate venturing arm of cloud computing company Salesforce.com.
Venture capital firm Accel Partners and private equity firm Symphony Technology also participated in the round.
Govini, which has not disclosed any previous funding rounds, has created a real-time, big data analytics platform aimed at government contractors. The technology gives contractors a competitive edge by enabling them to gain an insight into trends that drive procurement and contract decisions.
The company will use the series C funding to expand its sales and professional services staff, and to advance development of its technology.
Eric Gillespie, founder and chief executive of Govini, said: “This funding allows us to continue to expand our operations and development on both coasts. Govini is quickly becoming the must-have resource for all contractors and sales teams that are serious about growth in the government market.
“By using our tools the entire government contracting apparatus can become more efficient and transparent – bringing benefits to all parties.”