Platfora Closes $20M Series B

San Mateo, Calif.-based Platfora, an in-memory business intelligence platform for Hadoop and Big Data, has raised $20 million in Series B financing. Battery Ventures led the round, with participation from existing investors Andreessen Horowitz and Sutter Hill Ventures. In-Q-Tel is also an investor in Platfora. As a result of the round, Battery’s Roger Lee joins the Platfora board. The company will use the new funds to expand sales and marketing and continue building out its product engineering and design teams.

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