BlueData, a US-based software startup company which is in stealth mode as it builds a big data private cloud product for enterprises, has raised $15m in a series B funding round led by venture capital firm Ignition Partners, with support from existing investors, technology growth equity fund Atlantic Bridge Ventures, Intel Capital, the strategic investment arm of microprocessor maker Intel, venture capital firm Amplify Partners and venture capital firm Data Collective. Angel investors Frank Slootman, chief executive officer (CEO) of ServiceNow, Eric Wolford, President of Riverbed, and Amarjit Gill, CEO of Maginatics, also participated in the round.
Previously, in February 2013, BlueData raised $4m seed funding from Data Collective.
Nick Sturiale, managing partner at Ignition, who joins BlueData’s board of directors as part of the financing, said: “BlueData’s purposeful and innovative approach to Big Data struck a chord with us. We are thrilled to work with Kumar and his team, and believe the company has real potential to make a big difference in the Big Data world.”
Blue Data was founded in 2012 by Kumar Sreekanti, previously vice president of R&D, Cloud Infrastructure Business Unit, at VMware and Tom Phelan, previously senior architect at VMware.