NETEZZA SECURES $15 MILLION IN FOURTH ROUND FINANCING
Netezza Corporation today announced that it has secured $15 million in a competitive fourth round of equity financing with the opportunity to obtain an additional $5 million as needed. Led by premier late-stage venture capital firm Meritech Capital Partners, the injection of capital also reflected strong support from Netezza’s previous investors, and resulted in a more than threefold increase in the valuation of the company. Since its founding in 2000, Netezza has raised more than $68M from leading venture capital firms, including Matrix Partners, Charles River Ventures, Battery Ventures, Orange Ventures, Sequoia Capital and Meritech Capital Partners.
Look for the company to go IPO later this or next year.
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