Aster Going Faster
February 26, 2009
Aster Data Systems, http://www.asterdata.com, just received $5 million in funding venture capital firm Institutional Venture Partners, http://www.ivp.com/. That money allows Aster to close its latest round of fundraising, bringing the total to $17 million. Not too shabby. Aster provides analytic databases for frontline data warehousing and analyzes huge amounts of data on clusters of commodity hardware. More information about their products is at http://www.asterdata.com/product/index.php. IVP said they put up the money because of Aster’s great technology, increasing market share and growing customer base. Aster’s thrilled to have a new major investor because the money, according to their CEO, “will help us continue to innovate and grow aggressively, with a nice cushion to ride the economic waves.” We think this is a big deal and a great example of wheelin’ and dealin’ on Aster’s part. Raising money is the name of the game for technology companies. Keep on eye on Aster, they’re planning for the future.
Jessica W. Bratcher, February 26, 2009
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