PE Hub: Intel Capital Leads $20 Million Funding of Big Data Provider WebAction
PE Hub reports that $20 million in Series B round of funding led by Intel Capital was secured by Palo Alto, Calif.-based WebAction, a provider of a data integration and streaming analytics platform. Summit Partners, Panorama Point Partners, Frank Caufield and Regis McKenna joined the round.
As part of the funding, Igor Taber, investment director at Intel Capital, has joined the board. “The company previously raised an $11 million Series A round led by Summit.”
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