Tuesday, July 31, 2007

StreamBase Raises $15 Million in Third Round of VC - Lexington, MA

StreamBase, a Lexington-based provider of data storage and analysis software, has raised $15 million in its third round of venture capital, led by Highland Capital Partners. Other investors in the deal include Accel Partners London, Bessemer Venture Partners, and In-Q-Tel. On Tuesday, StreamBase also announced a series of initiatives aimed at securing additional market share in an industry "expected to grow to $1 billion by 2010." The company has expanded its corporate headquarters by more than 50% to accommodate additional staff in its services and support, sales, business development, engineering, and marketing units. In addition, the company has opened a West Coast office in San Mateo, Calif. to support demand in emerging markets such as electronic entertainment, energy, and telecommunications networking industries. StreamBase raised a total of $31 million in venture capital to date.



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