Headquarters: San Francisco
CEO: Gary Nakamura
New Funding: $4 million
Round: Series A
Backers: True Ventures, Rembrandt Venture Partners
Big data also continues to attract big money, leading to a cash infusion for an application platform venture called Concurrent. The money is planned for increased product development and staff expansion. The company's flagship, product, known as "Cascading 2.1," is a tool for building applications on Hadoop. The company recently named Gary Nakamura as its new CEO.