Paraccel, a US-based data analytics platform previously backed by online retailer Amazon, raised $20m from its existing investors on Wednesday last week.
ParAccel said it had raised the money, as it reported a more than 500% increase in first quarter revenue compared to last year, in the biggest quarter in the company’s history.
Last year Paraccel raised $15m in an Amazon-led E round. Amazon was joined in the series round by ParAccel’s existing investors, Silicon Valley Bank and venture capital (VC) firms Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International and Tao Venture Capital Partners.
News provider GigaOM quotes Chuck Berger, chief executive officer of ParAccel, as stating the company had raised a total of $73m since 2005, at the time of the series E.