Digg icon reddit icon Stumbleupon icon
Print Email     Print Edition Stories

Monday, January 12, 2009

Streambase event software secures $6M

By Galen Moore

StreamBase Systems Inc., a Lexington-based maker of complex event processing software, has raised approximately $6.24 million in a Series D round of funding, according to online reports. The round included returning backers Highland Capital Partners, Accel Partners, Bessemer Venture Partners and In-Q-Tel, the investing arm of the Central Intelligence Agency, the website PE Hub reported.

StreamBase’s software is designed to analyze large amounts of data in real time. The company was founded in 2003. In July 2007, StreamBase closed a $15 million third round of funding. That August, the company tapped Chris Risley, a West Coast CEO with Massachusetts ties, to take over command from Barry Morris. The most recent round brings the company’s total investment to $52.24 million.

Accel Partners is represented on StreamBase’s board of directors by general partner Bruce Golden. Partner Felda Hardymon holds Bessemer’s board seat. Managing general partner Paul Maeder represents Highland Capital Partners.

Contrary to the PE Hub report, Battery Ventures is not involved in any StreamBase fundings, according to a spokeswoman at the Waltham-based VC firm.
 

Digg icon reddit icon Stumbleupon icon
Contact Editor Latest News

Comments

Please Login/Register to post comments.

No comments have been added or approved.

On the MHT blog now

Despite World Series, local algorithm helps jobless New Yorkers

NPR's Morning Edition reports on job counseling efforts at the state of New York's Department of Labor, and finds it's using an algorithm developed by Burning Glass Technologies, which is based in Quincy Market. Burning Glass develops algorithms that parse resume information and try to match job seekers with companies that will actually hire them. The job seeker in the story, a publishing i...

Read More

Bryant University Graduate School
Most Popular Stories
EmailedViewed
Stay Informed
Check which newsletter you'd like to receive.
TechFlash (Daily)
FinanceFlash (Daily)
BioFlash (Daily)
GreenFlash (Weekly)
Startup Report (Weekly)
Breaking news, MHT events, local announcements
RSS feeds
Your email:

Affiliate publications: ACBJ.com, Boston Business Journal, Bizjournals.com, Portfolio.com, Wired.com

Web Site Developed by Neptune Web, Inc.

Use of, registration on, this site constitutes acceptance of our User Agreement. Please read our Privacy Policy (updated) A publishing partner with Portfolio