TORONTO, September 6 /CNW/ - Infobright Inc. today announced it has
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. Infobright provides a solution for analytic data warehousing
allowing customers to do high-performance analysis across terabytes of data.
Chip Hazard of IDG Ventures will be joining Infobright's Board of Directors.
Unlike other data warehousing solutions, Infobright can easily scale to
handle very large amounts of data while providing high performance for
extremely complex workloads. Infobright allows businesses to quickly respond
to changes in the market without custom database tuning. Infobright's
software-only solutions offer customers flexible hardware choices and are
self-managing and easy to administer, resulting in unrivaled total cost of
Infobright's customers include Royal Bank of Canada, TrueNorth
Corporation and BlueLithium. Infobright also recently announced a co-selling
agreement with MySQL.
"Customers need a high performance data warehouse solution that can not
only analyze terabytes of data but also allows them to rapidly react to
changes in their business," said Infobright CEO Miriam Tuerk. "Our focus has
been to provide a highly flexible solution that helps our customers become
"Business analysts need a faster way to analyze vast amounts of data,"
said Rob Antoniades, Managing Director, RBC Technology Ventures. "Infobright
helps customers get the answers they need, when they need them."
"Traditional data warehousing solutions are extremely complex to
administer to ensure high performance and often lock customers into a
proprietary hardware platform," said Chip Hazard, General Partner, IDG
Ventures. "With its unique approach Infobright dramatically changes the
performance and economics of analytic data warehousing."
About Infobright, Inc.
Infobright helps to relieve the performance problems, complexity and high
costs associated with making more data warehouse information available to
executives for trending, forecasting and ad-hoc analysis. Complementing
existing investments in Oracle, Teradata and others, Infobright delivers a
simple, self-administrating solution that does not add to an already complex,
expensive data warehouse environment. For more information please visit
About RBC Technology Ventures
RBC Technology Ventures Inc. is a wholly-owned subsidiary of Royal Bank
of Canada. Royal Bank of Canada (TSX, NYSE: RY), and its subsidiaries operate
under the master brand name of RBC. Formed in 1997, the firm's activities
include direct investments in software technology companies throughout North
America. Investment activity is focused on selected high growth, emerging
sectors in North America, where a significant level of scientific,
technological and entrepreneurial expertise and nurturing are needed to
accelerate ideas into market-ready companies. For more information please
About IDG Ventures Boston
IDG Ventures Boston is an independent partnership that enables
entrepreneurs to grow innovative, global companies. With $280 million under
management, the firm is focused on investing in early stage information
technology and life sciences companies and is led by a team with more than
half a century of combined experience in venture capital. IDG Ventures Boston
is affiliated with the IDG Ventures network of funds, a global $1+ billion
network of independently managed funds spanning Asia and North America. For
more information, visit: http://www.idgvb.com.
For further information:
For further information: Infobright Inc. April Dunford, 416-596-2483,
ext. 229 firstname.lastname@example.org or RBC Technology Ventures Chethan Lakshman,
416-974-9463 email@example.com or IDG Ventures Boston Kate Castle,