US-based data software company Platfora, backed by the US Central Intelligence Agency’s corporate venturing-style unit In-Q-Tel, has raised $7.2m.
The funds raised, were revealed as part of a planned $7.4m round, according to an amended filing with US regulator the Securities and Exchange Commission on October 31.
Platfora is creating an analytics platform which use the popular software framework Hadoop to process large quantities of data. Platfora plans to use the capital to expand and accelerate the development of its system.
The amended filing follows Platfora securing $5.7m of series A funding in September, from In-Q-Tel, the venture capital firm backed by the (CIA) and venture capital firm Andreesen Horowitz.
The amended filing was signed by Sutter Hill Ventures’ Michael Speiser and Andreesen Horowitz’s Scott Weiss.
At the time of the initial series A announcement: TJ Rylander, a partner on In-Q-Tel’s investments team, said: "The big data challenge extends across both the government and commercial markets and we see opportunities for applying Platfora’s innovative approach in both. The advances in the usability of scalable data infrastructure technology that Platfora is developing would have broad applicability for our customers in the US Intelligence Community."