Sqrrl, a Cambridge-based big data analytics startup, has raised $7 million in Series B funding and also unveiled a new software aimed at detecting and responding to cybersecurity threats.
This brings total funding to date for the company to $14.2 million, with investors including Rally Ventures, Atlas Venture and Matrix Partners.
The company says it makes software to uncover hidden patterns, trends and links in data. On Wednesday, Sqrrl also announced the launch of its new software, Sqrrl Enterprise 2.0, which focuses “on the challenges posed by cybersecurity threats and vulnerabilities that nearly every organization faces today.”
“Sqrrl is at the intersection of two of the most important trends facing the enterprise: cybersecurity and Big Data,” said Zenas Hutcheson, partner at Rally Ventures. “Sqrrl’s technology can help both Fortune 1000 companies and government agencies prevent themselves from becoming the next cyber incident headline story.”
The company’s customers include several undisclosed Fortune 500 companies and large government agencies.
Thirty-five employees work at the company’s headquarters in Cambridge and Sqrrl plans to hire 25 more this year, according to Ely Kahn, co-founder and Director of Business Development at Sqrrl.
Originally posted via “Big data analytics startup Sqrrl raises $7M”