Data analytics visualization company Map-D has raised $1.5 million in seed funding from Google Ventures, Nvidia and angel investors. The company uses graphic processing units to analyze, process and visualize data extremely quickly. Map-D is to use the funds for a commercial release later this year. “There aren’t really any other tools on the market that allow truly interactive visualisation and analytics on big data,” Todd Mostak, cofounder of Map-D, said in a statement. “Map-D can query data at a rate of terabytes per second per server, something only possible by building the fastest possible software on the fastest possible hardware, GPUs”
Checkr, which addresses the background checks for new hires, has raised a Series A round worth $9 million, led by Accel Partners. Khosla Ventures, SV Angel, Data Collective and Google Ventures also participated. The company is a Y Combinator grad and currently runs more than 500 background check reports a day. Checkr will use the funds for domestic expansion.
Korean car sharing company Socar has raised an $18 million Series A round led by Bain Capital, beSUCCESS has reported. The company operates in a similar manner to ZipCar and has a fleet of over 1,000 cars. Socar was launched in 2012 and already claims to have over 50,000 users.
Log management company Loggly has raised $15 million in Series C round led by Harmony Partners. Existing investors Matrix Partners, Trinity Ventures, Cisco, Data Collective and True Ventures all participated in the round, which brought total funding in Loggly to nearly $34 million. The company will use the new funds to scale and release new product capabilities.
2nd Watch, which helps companies move their infrastructure to Amazon Web Services, has raised an additional $10 million in funding, extending its Series C round which started in November 2013. The company also announced Doug Schneider as its new CEO and will use the new funds to expand sales, marketing and product development, and to reach new regions. Top Tier Capital Partners led the new funding, with participation from existing investors Madrona Venture Group and Columbia Capital. “With respect to our investment, we are very motivated to support 2nd Watch,” says David York, CEO and managing director at Top Tier Capital Partners. “Through numerous high-profile engagements, 2nd Watch has demonstrated a unique ability to manage large cloud infrastructure deployments. We think they are in a strong position to become the next great IT management success story.”