Deal Announcements

ParAccel Pulls In $22 Million Venture Capital Funds

Wednesday, July 01, 2009 5:47:00 AM PDT | VentureDeal Staff

San Diego, California  --  Software company ParAccel has landed $22 million for its series C round of venture capital financing.

ParAccel sales data warehousing software to the enterprise and other data intensive markets.

Menlo Ventures led the round,  which included other undisclosed investors. The company said it would use the funding to both expand its product development and accelerate sales and marketing efforts.

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