Dataupia Collects $16 Million Second Round

Wade Roush10/30/07

Fairhaven Capital Partners, Polaris Venture Partners, and Valhalla Partners have joined in a $16 million Series B funding round for Dataupia, according to a report yesterday at peHUB. The Somerville, MA, startup sells a data warehousing appliance—called “Satori,” from the Zen Buddhist term for deep or lasting satisfaction—that consists of an exandable rack of AMD blade servers, Seagate hard drives, and a massively parallel database engine that connects to standard database management systems from Oracle, IBM, or Microsoft. Dataupia president and CEO Foster Hinshaw is a veteran of Netezza, another data warehousing company that raised $108 million in its July IPO.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.