ParElastic completes $2M round of funding
July 27, 2011: As per SEC filings, ParElastic has completed an initial $2M round of funding. The company, founded in September of 2010, is developing technology to make standard relational databases parallel and elastic. This allows “Big Data” applications to consume cloud-based database resources on-demand, making it possible to respond quickly to sudden increases in demand, while minimizing excess capacity, and reducing application development and operating costs.
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