Karmasphere Secures $5,000,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f878217b-c292-4e44-a7da-e551434057d7&Preview=1
Date
4/8/2010
Company Name
Karmasphere
Mailing Address
2735 Sand Hill Road Menlo Park, CA 94025
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
$5,000,000
Transaction Round
Series A
Proceeds Purposes
The money raised will be used to further commercialize Karmasphere’s software for analyzing very large data sets or, what is commonly called, Big Data.
M&A Terms
Venture Investor
Hummer Winblad Venture Partners
Venture Investor
U.S. Venture Partners