Infobright receives $8M Series B Investment Lead by IDG Ventures Boston
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Infobright Inc. announced yesterday that they have secured secured $8M of Series B financing in a round lead by IDG Ventures Boston. IDG
was joined by RBC Technology Ventures, which led Infobright’s previous rounds of financing. The Toronto-based company provides analytic data warehousing solutions that allow customers to do high-performance analysis across terabytes of data. Some of the company’s clients include RBC, TrueNorth Corporation and BlueLithium (recently acquired by Yahoo). Chip Hazard of IDG Ventures will be joining Infobright’s Board of Directors.
Great work by CEO, Miriam Tuerk who has lead the charge behind Infobright to bring the company to this point, but unfortunate that some of the Canadian VC’s missed out on the opportunity.
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Hey Dave - thanks for the mention! We are very excited about the funding and looking forward to the great things we will be able to do with it to accelerate our growth in the market. Stay tuned!