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Dato Lands More VC Financing

Friday, January 9, 2015 5:33:00 AM PDT | VentureDeal

   Seattle, Washington  --  Software technology company Dato has secured $18.5 million in its second round of institutional venture capital investment.

Dato is developing machine learning analytics technology for graph data sets.

Investors in the round included New Enterprise Associates, Madrona Venture Group, Vulcan Capital and Opus Capital.

The company said it would use the funding to aggressively hire new employees and continue expanding its functionality and integrations.

Dato raised its Series A round of $6.75 million in May 2013.

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