Big data industry high-flyer Sqrrl, the developer of secure database software to power big data applications, has raised a $5.2M Series A round of financing led by existing investors Atlas Venture and Matrix Partners. Sqrrl will use the funding to further develop and commercialize Sqrrl Enterprise, a secure, scalable, and flexible NoSQL database for real-time big data applications. Sqrrl Enterprise is powered by the open source database called Apache Accumulo and has been deployed in the field for the past year. Sqrrl also shipped Release 1.2 of Sqrrl Enterprise which includes a number of new analytic, security, and performance features.
With the level of interest we are seeing in our rapidly growing base of large enterprise customers, we are excited about the enormous market opportunity in front of us,” said Mark Terenzoni, CEO of Sqrrl. The funding enables us to accelerate the growth of our sales and support organizations to meet the growing demand for our platform. At the same time we will continue to build our engineer team and develop innovative product features.
Sqrrl Enterprise is a NoSQL database with cell-level security capabilities. Cell-level security enables every piece of data to be tagged with fine-grained security labels that are connected to specific access control policies. This capability makes Sqrrl Enterprise a powerful solution for industries with sensitive data, and it is currently deployed at security-conscious organizations in Government, Financial Services, Healthcare, Telecommunications, and Energy industries.
Headquartered in Cambridge, MA, Sqrrl was founded by computer scientists from the National Security Agency (NSA). As part of the team that created Apache Accumulo, Sqrrl founders have been working with some of the largest, most complex and most sensitive data sets in the world.