Sqrrl Raises $5.2 Million In Series A
Sqrrl is a database software startup that focuses on big data applications. Sqrrl has raised $5.2 million in Series A funding from Atlas Venture and Matrix Partners. Atlas and Matrix both invested in Sqrrl’s seed round in August 2012.
Sqrrl is known for selling an enterprise version of the open-source NoSQL database Apache Accumulo. Sqrrl’s database lets business apply controls to sensitive data so that other data does not have to be locked up, according to BizJournals.
Sqrrl launched back in June and some of their customers include financial companies, healthcare companies, telecommunications companies, and government organizations. Sqrrl was initially developed at the National Security Agency, but the co-founders moved to Boston to launch the company in the middle of 2012. Sqrrl plans on using the funding to grow their sales and support staff. It will also be used for product development.