Wednesday, May 11, 2011

Mission Ventures Backs Ex-Greenplum Execs

San Diego-based venture capital firm Mission Ventures has backed a team from former portfolio firm Greenplum, in a new venture round. According to San Mateo-based Alpine Data Labs, it has scored $7.5M in a Series A funding from Sierra Ventures, Mission Ventures, and Sumitomo Corporate Equity Asia. Mission's investment in Alpine Data was led by Leo Spiegel. Alpine Data Labs' founders are both from Greenplum in China; Greenplum's former co-founder, Scott Yara, also sits on Alpine's board. Greenplum was sold to EMC in July of last year. Alpine Data Labs is also focused on the data mining and analytics area. More information »

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