Data Warehousing Startup Dataupia Expands B Round by $10 Million
Cambridge, MA-based Dataupia, which makes server appliances designed to handle large volumes of business-intelligence queries, said yesterday that it recently closed a “Series B-1” financing round building on its $16 million B round in October 2007. The company didn’t say how much extra money it had raised, but a report today in Private Equity Hub, based on a regulatory filing, puts the figure at $10 million.
The company is backed by Polaris Venture Partners, Valhalla Partners, and Fairhaven Capital, and has now raised some $40 million all told. In its announcement, Dataupia (pronounced “day-toe-pia”) highlighted its successes in 2008, which included a doubling of its customer base and enhancements to its Satori Server, which is designed to help companies spot trends in large collections of data such as e-commerce records.