BOULDER — SlamData Inc., a Boulder-based startup working on open source software application that makes it easier to analyze data, on Wednesday said it has raised a $6.7 million Series A funding round led by Shasta Ventures that operates out of San Francisco and Meno Park, Calif.
The money will be used to make hires to expand its executive team and staff, according to a company statement. It also will be used to continue development of the firm’s software that allows non-technical users to see and understand information in a variety of databases including MongoDB, Couchbase, MarkLogic and Apache Spark/Hadoop.
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Jeff Carr, co-founder and chief executive of SlamData, said the company has grown quickly since its founding in 2014, and plans on doubling the size of its staff from 15 to 30 employees.
Carr said the company’s customers are eliminating up to 80 percent of the time and costs related to the traditional way of collecting and organizing data.
The company has raised $10.3 million in venture-capital funding, having received $3.6 million in July 2015.