US-based big data services comapny Guavus has raised $30m in its series D round from a consortium including Intel Capital, the corporate venturing unit of the eponymous chip maker.
Alongside Intel Capital in the D round were Sweden-listed venture group Investor Growth Capital, which led the round, and peers QuestMark Partners, Artiman Ventures and Sofinnova Ventures.
QuestMark, Artiman and Sofinnova previously invested in Guavus’ $15m C round in July and $25m B round to enable the real-time analytics firm to further its work with sensor-based technologies.
Anukool Lakhina, Guavus founder and chief executive, who previously worked for Intel Research and Sprint Labs, said: “Most of the data is being continuously generated and therefore, Guavus’ approach is to analyse the data as it comes as opposed to just storing it and then going and searching for that data.”
Other data analytics companies have enjoyed similar injections of capital recently with Health Catalyst, another big data company securing $33m for the development of its work servicing hospitals and the US health care industry. Platfora, another company that specialises in large-scale data analysis recently raised $20m.