18. October 2013–
ParStream, the German-launched data analytics startup, has announced a $8m Series B round led by Khosla Ventures. This brings the company’s total funding to $13.6m after it closed a Series A round last year.
The company offers businesses real-time analysis of big data, requiring less infrastructure than competing big data products.
Coinciding with the news, ParStream announced that Steve Capelli, the former President of Worldwide Field Operations at SAP company Sybase, has joined its board of directors.
Founded in 2008 by Mike Hummel and Jörg Bienert, the company now has offices in Cologne and Palo Alto. Existing investors include Baker Capital, Michael Arrington’s CrunchFund, Data Collective, Tola Capital and private investors.
Image credit: Flickr user woodleywonderworks
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