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ParAccel Announces Amazon as Investor in Latest Funding Round
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ParAccel, Inc., provider of the world’s leading analytic platform, today announced that it has closed its latest funding round. Amazon.com, Inc. joins ParAccel’s existing investors, Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank in the financing. The Company will use the investment to capture the growing demand for ParAccel’s Analytic Platform and extend its technology lead.
“Powerful database solutions help customers with their most complex analytics work involving large data sets,” said Jeff Blackburn, senior vice president of business development for Amazon. “ParAccel has an industry-leading solution and is rethinking databases for the cloud – we’re excited to back such a strong team.”