NEWS31 October 2012

Pentaho raises $23m in series C investment

Financials North America

US — Business analytics firm Pentaho Corporation has closed a $23m series C investment round led by New Enterprise Associates, with participation from additional existing investors Benchmark Capital, Index Ventures and DAG Ventures.

Pentaho says it will use the funds to expand its development, engineering, services, sales and marketing efforts.

Quentin Gallivan, chairman and CEO at Pentaho Corporation, said: “This Series C investment allows Pentaho to keep pace with fast-moving technology innovations, recruit the necessary talent to execute on our big data strategy, and to expand our leadership in big data analytics.”