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Cask Data Banks Series B Venture Capital

Friday, November 6, 2015 5:19:00 AM PDT | VentureDeal

   Palo Alto, California  --  Software developer Cask Data has landed $20 million in its second round of venture capital funding.

Cask has developed an application platform that "makes it possible to quickly and easily develop and deploy more powerful applications for Hadoop."

Safeguard Scientifics led the round, which included previous investors Ignition Partners and Battery Ventures.

The company said it would use the proceeds to expand its platform enhancements and develop a broad sales team.

CEO Jonathan Gray founded the company in November 2011.

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