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May 23, 2016

AtScale raised a new round

AtScale (www.atscale.com), a leader in BI on Hadoop and a new company met during the 17th IT Press Tour, announced recently a series B at $11M. The total raised now touches $20M, which is interesting and at the same time not so important to accelerate the growth. It seems that the team wish to keep the control and their destiny and as an effet, could reduce the growth speed versus competition. What is sure is AtScale delivers a rapid growth during last 12 months with 5 fold revenue expansion - ok was very tiny - and adopted by famous customers and brands. Among various investors, Comcast Ventures has joined the pack and Amr Awadallah, founder and CTO of Cloudera, is now a board member. Congrats to all the team and we expect to see you again for a future edition of The IT Press Tour.

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