Business Intelligence Network business intelligence resources

Blog: Mark Madsen

« Open Source: Better Than Free | Main | Open Source DW in San Francisco This Week »

Pentaho Gets More Cash

Pentaho announced yesterday that they closed $12 million in series C funding. They plan to use the money to continue expansion and product development. The company has been doing pretty well, going by the partnership and customer announcements over the past six months. Obviously the VC think the business is good enough to continue investing in its growth, a good sign for other commercial open source companies in this market.

If you aren't familiar with Pentaho, they provide open source ETL, business intelligence and related software. They've been working on an open source alternative to BI platforms like those offered by Business Objects and Cognos, er, I mean SAP and IBM.

The investors this round are Benchmark Capital, New Enterprise Associates and Index Ventures, in case you were wondering.

  Posted by mmadsen on February 22, 2008 2:08 PM |

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)