Automated Insights rakes in $5.5 mln Series B

Automated Insights has raised $5.5 million in Series B funding. Osage Venture Partners led the round with participation from investors that included Samsung Venture Investment Corp., the Associated Press, AOL co-founder Steve Case, Court Square Ventures, OCA Ventures and IDEA Fund Partners. In addition to the funding, David Drahms of Osage Venture Partners and Scott Frederick, chief operating officer of Automated Insights, have joined the company’s board of directors. Based in Durham, North Carolina, Automated Insights produces personalized narrative content from big data.


Fixstream Networks racks up $10 mln Series A

Fixstream Networks has raised $10 million in Series A financing. Tech Mahindra Limited led the round. Based in San Jose, Calif. and India, Fixstream Networks is a provider of a cloud-based software platform focused on big data correlation and analytics.


Beringea backs Big Data Partnership

Big Data Partnership said Thursday that it has closed 1.25 million pounds in Series A funding from Beringea. In conjunction with the funding, Trevor Hope of Beringea has been named to Big Data’s board. Based in London, Big Data Partnership is a big data solutions provider.

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Trending on peHUB this week: Career tips for would-be private equity pros, fundraising halt at Chicago Growth Partners, job openings at CalPERS, GI Partners and Providence, and lots more.


peHUB First Read

To end your week, First Read has news about activists in San Francisco asking a judge to stop buses transporting evil tech workers from using public bus stops, AstraZeneca rejects increased offer from Pfizer and meet the only Wall St. executive jailed for his part in the financial crisis.


Redpoint Ventures leads $40 mln round for RelateIQ

According to a company spokesperson, RelateIQ has raised $40 million in Series C funding. Redpoint Ventures led the round with participation from Kleiner Perkins Caufield & Byers and return backers Accel Partners and Formation 8. The funding gives the company a more than $200 million valuation. Headquartered in Palo Alto, Calif., RelateIQ is a provider of solutions that improve business relationships.


Platfora nets $38 mln

Platfora said Wednesday that it has raised $38 million in funding. Tenaya Capital led the round with participation from Citi Ventures, Cisco, Allegis Capital, Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel. Based in San Mateo, Calif., Platfora is a provider of big data analytics solutions.

Brazilian Software Company Leads GoodData’s Series D

Big data company GoodData has raised a big round of $22 million, led by TOTVS Ventures, the investment arm of the big Brazilian enterprise software company TOTVS S.A. Also participating in the round are existing GoodData investors Andreessen Horowitz, General Catalyst Partners, Next World Capital and Tenaya Capital. San Francisco-based GoodData, which helps corporations crunch data generated by SAP and other enterprise software programs, has now raised about $75 million in total funding.

Intel Capital Invests in Brazilian Big Data

In the past month, Intel Capital has announced two investments in Brazilian big data and analytics companies. The latest investment came today when Intel Capital announced it backed Geofusion, a Brazilian company providing “geomarketing” data analytics and intelligence to enterprise customers. The amount of the funding is undisclosed. The announcement follows an undisclosed investment it made a few weeks ago in WebRadar,


GE Unveils Big Data-Related Challenge to Improve Aviation, Health Care Industries

At its “Minds and Machines” conference in San Francisco, GE announced today its “Industrial Internet Quests” challenge to developers and data scientists to create new algorithms and design applications to reduce air travel delays and improve the patient experience. Winners of the challenge will receive a $600,000 stake for mining data and developing solutions for productivity.

Big Data Company DataStax Racks Up Third Round of Funding

DataStax, the provider of the open source database management system Apache Cassandra, has raised a $25 million Series C round of funding. Meritech Capital Partners led the round, with participation from existing investors Lightspeed Venture Partners and Crosslink Capital. The company has now raised $38.7 million in fudning since 2010.

Norwest, Sequoia Back Big Data Company InsightsOne

Norwest Venture Partners has led a $4.3 million Series A funding round of InsightsOne, a Santa Clara, Calif.-based provider of data analytics. Promod Haque, managing partner at NVP, joins the company board as part of the funding. The company says investors, in addition to Norwest, include Gaurav Garg, private investor and special limited partner at Sequoia Capital; Zod […]

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