US-based data management software developer Okera has emerged from stealth with $14.6m, $12m of which came from a series A round featuring financial services provider Capital One.
Capital One, which took part through its Capital One Growth Ventures unit, was joined by another existing backer, Felicis Ventures, as well as Bessemer Venture Partners, which led the series A round.
Formerly known as Cerebro Data, Okera has created a data management platform intended to work with different types and formats of data. The company intends to put the funding into operational growth, it said.
Devon Cavanagh, Capital One’s senior director of data engineering, said: “Capital One is a data-driven company. We develop and build our own technology to deliver breakthrough products and services to our customers.
“We have agile teams working together to develop software and algorithms and bring insights to teams across the enterprise. Okera helps enable us to provide teams with secure and appropriate access to the right data to inform sound, strategic business decisions.”