UMC Capital, the corporate venturing arm of chip-maker United Microelectronics Corporation, and the corporate venturing unit of Germany-based industrial group Robert Bosch, have participated in a $16m B round of funding into US-based Alpine Data Labs. Alpine is a provider of advanced analytical software. There was also involvement from venture capital firms Sierra Ventures and Mission Ventures.
The new funds will be used for product development, customer support and marketing.
The company already provides analytics for Nike, Barclays and Sony.
Alpine raised $7.5m in a series A in 2011 from Sierra Ventures, Mission Ventures, Sumitomo Corporation Equity Asia and Stanford University. The company spun out of Greenplum, after it was acquired by data storage company EMC in 2010.