Follow The Money: 21 Big Data Startups That Have Scored Big In Venture Funding This Year

ParElastic Reaps $5.7 Million

CEO: Ken Rugg

ParElastic ( raised $5.7 million in funding from venture capital firms led by General Catalyst Partners. Other investors include Point Judith Capital, CommonAngels and Launch Capital. The company previously raised $3 million.

Waltham, Mass.-based ParElastic develops the ParElastic Database Virtualization Engine, which the company said increases the flexibility of relational database systems. Performing similar to a parallel database system, the technology basically makes multiple standard databases work together as a single, virtual database. That means businesses don't have to migrate off their existing databases to achieve scalability.


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