Wednesday, May 4, 2005

DATAllegro Raises $15M

Aliso Viejo-based DATAllegro announced yesterday that it has raised a Series B funding worth $15M. The round was led by Adams Capital Management and included participation by existing investors Palomar Ventures and Venrock Associates. George Urgas of Adams Capital Management has joined the company's board of directors in conjunction with the funding. DATAllegro is developing a data warehousing appliance that provides performance improvements to existing database installations. More information »