Monday, February 12, 2007

Vertica Raises $16.5 Million in Second Round - Andover, MA

Vertica, an Andover based developer of database management technology, has raised $16.5 million in its second round of venture capital, Private Equity Week reported, citing a regulatory filing. The investment was led by Kleiner Perkins Caufield & Byers, and included participation from return investors Bessemer Venture Partners and Highland Capital Partners. Vertica was founded in 2005. The company's first product is still in beta-testing stage.


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