Karmasphere Obtains $6,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d0d0dfa-f58a-4107-b2cf-e4b51ba11375&Preview=1
Date
9/30/2011
Company Name
Karmasphere
Mailing Address
19200 Stevens Creek Blvd. Cupertino, CA 95014
Company Description
Karmasphere is a business analytics software company bringing Apache Hadoop power to the desktop. Karmasphere enables companies to unlock the competitive advantages within their large datasets by providing an easy-to-use class of client-side software. Karmasphere’s first product, Karmasphere Studio: Community Edition, is currently available for download at www.karmasphere.com.
Website
http://www.karmasphere.com
Transaction Type
Venture Equity
Transaction Amount
$6,000,000
Transaction Round
Series B
Proceeds Purposes
Karmasphere will use the capital from its Round B funding to accelerate its product roadmap and fuel company growth through continued expansion of sales and marketing initiatives.
M&A Terms
Venture Investor
Presidio Ventures
Venture Investor
Hummer Winblad Venture Partners
Venture Investor
U.S. Venture Partners