Welcome!

News Feed Item

Concurrent, Inc. Closes $10 Million in Series B Funding for Big Data App Infrastructure

Market Leader Continues Customer and Corporate Momentum, Adds Board Member and Additional Funding to Drive Product Development and Operational Capabilities

SAN FRANCISCO, CA -- (Marketwired) -- 06/02/14 -- Concurrent, Inc., the enterprise data application platform company, today announced $10 million in Series B funding, further validating the company's leadership in enterprise application development. New investor Bain Capital Ventures led the funding round, with the participation of existing investors Rembrandt Ventures and True Ventures. Concurrent will use the financing to drive research and development of its flagship product Driven, the industry's first application performance management product for data-centric applications, and Cascading, the most widely used application development framework for building data-oriented applications. Concurrent will also scale its operations to meet growing customer demand.

Enterprises are rapidly adopting Hadoop. With it comes the increasing demand to quickly operationalize their data and delivery of data products to their customers. Concurrent enables organizations to quickly build, deploy and manage data-centric applications to meet the growing demands of the business.

Concurrent leads the market in Big Data application infrastructure with Cascading and Driven. With Cascading at the core, Concurrent continues to meet customer demand for advanced enterprise application development by supporting emerging fabrics and technologies, forging important industry partnerships and making data-driven application development simpler, faster and smarter.

Concurrent's recent corporate, customer and product milestones include:

  • Driven, the company's flagship enterprise product, purpose built to address the pain points of enterprise data application development and data application performance management by providing unprecedented visibility and control to organizations who need to deliver operational excellence.
  • Cascading 3.0 extends the de facto standard in data application infrastructure technology. Cascading sets the standard for enterprise application development, and delivers a framework that allows enterprises to build their data applications once and provides the flexibility to deploy them on the data processing fabric that best meets their business needs.
  • Cascading surpassed more than 150,000+ user downloads per month.
  • New and expanded strategic partnerships with Hortonworks, Rackspace, EPAM and Databricks.
  • Leadership expansion with the appointment of Supreet Oberoi as vice president of field engineering to support accelerated customer and product growth.
  • Inclusion in CRN's Big Data 100 in the "Big Data Infrastructure Tools and Services" and "Emerging Big Data Vendors" categories.
  • Recognition by the SD Times editors for the publication's annual SD Times 100 in the "Big Data and Business Intelligence" category.

In conjunction with today's funding news, Concurrent also announced that Salil Deshpande has joined its board of directors. Salil is managing director at Bain Capital Ventures and focuses on software infrastructure, open source and enterprise software. He also co-heads the new Palo Alto office, which has made 20 new investments in the last two years. Prior to Bain Capital Ventures, Salil spent seven years as general partner at Bay Partners, and over the last eight years has invested $120 million into 26 companies, including Typesafe, Aria Systems, MuleSoft, Buddy Media, SpringSource, Groovy and Grails, DataStax, Lending Club, Engine Yard, Dynatrace, ZeroTurnaround, Hazelcast, Iron.io and Redis Labs. Salil is on the Forbes Midas List for 2013 and 2014.

Supporting Quotes
"Concurrent continues to propel innovation forward and exemplifies just the type of company Bain Capital Ventures looks to invest in -- a business at the forefront of a hot market, with a uniquely developed, defined and widely adopted technology, and a highly seasoned executive team that understands how to best serve the enterprise application infrastructure market. The growth opportunity is huge, and I look forward to serving on the company's board to contribute to Concurrent's future direction and growth."
-Salil Deshpande, managing director, Bain Capital Ventures

"Our investors' confidence in Concurrent and this latest round of funding supports our strategy and proven leadership in providing Big Data application infrastructure to enterprises. Recognizing the maturing needs of the enterprise and emergence of new technologies, we are giving organizations the application development tools and management products they need to deliver today and in the future. This funding will not only enable us to drive our R&D execution, but will also allow us to expand operational capabilities to support our rapidly expanding user and customer base."
-Gary Nakamura, CEO, Concurrent, Inc.

Supporting Resources

About Concurrent, Inc.
Concurrent, Inc. is the leader in Big Data application infrastructure, delivering products that help enterprises create, deploy, run and manage data applications at scale. The company's flagship enterprise solution, Driven, was designed to accelerate the development and management of enterprise data applications. Concurrent is the team behind Cascading, the most widely deployed technology for data applications with more than 150,000 user downloads a month. Used by thousands of businesses including eBay, Etsy, The Climate Corp and Twitter, Cascading is the de facto standard in open source application infrastructure technology. Concurrent is headquartered in San Francisco and online at http://concurrentinc.com.

Media Contact
Danielle Salvato-Earl
Kulesa Faul for Concurrent, Inc.
(650) 922-7287
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with budd...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Some people worry that OpenStack is more flash then substance; however, for many customers this could not be farther from the truth. No other technology equalizes the playing field between vendors while giving your internal teams better access than ever to infrastructure when they need it. In his session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will talk through some real-world OpenStack deployments and look into the ways this can benefit customers of all sizes....
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...