Tuesday, October 21, 2014

Cluster Management Startup StackIQ Gets Series B Funding From Major Investors

StackIQ, a startup that specializes in Web-scale IT automation for the enterprise, said today it has completed a $6 million Series B round of funding. Grayhawk Capital, Keshif Ventures, DLA Piper and OurCrowd were the investors in this funding round, existing investors Anthem Ventures Partners and Avalon Ventures also participated in the funding round.

Founded in 2006, StackIQ has raised about $470,000 from accredited investors by midday today, the first day it was listed on the OurCrowd, the online crowdfunding firm based in Jerusalem.

The additional capital will be used to scale the company's sales marketing and overall operations as its meet increasing market demand and rapid-changing computing environment. StackIQ continued its rapid rise by adding top Fortune 100 companies including some of the world's largest communications and media companies, major US wireless carrier, major automaker, and leading financial services companies to its customer base.

StackIQ provides Software-as-a-Services (SaaS) for building, deploying and managing highly distributed big data and cloud applications such as those processed in Hadoop, the Big data computing systems. The flexibility offered by StackIQ's deep integrations with all the major Hadoop distributions and cloud platforms have made it a top choice for DevOps seeking accelerated time-to-market services and IT industry.

About StackIQ
StackIQ, the Web-scale IT automation company for the enterprise, it offers a comprehensive software suite that automates the deployment, provisioning and management of big data computing systems. It simplifies the deployment and operations of large server clusters and distributed applications within enterprise data centers. Its proven technology is used by some of the world's top companies to automate, scale and manage Big Infrastructure.
For more information visit us at www.StackIQ.com

Image credit: Web Security Journal

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