Tuesday, June 18, 2013

Accel Opens Second, $100M Big Data Fund

Palo Alto-based venture capital investor Accel Partners said this morning that it has created a second $100M investment fund specifically allocated to "big data" investments. According to Accel, its new $100M Big Data Fund 2 will go towards investments in data driven software (DDS) startups. As part of the new fund, Accel said it added Anthony Deighton, CTO of QlikTech Inc. and Shlomo Kramer, CEO of Imperva to its advisory fund for Big Data investments.