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Venture Capital News: Hadapt Grabs $6.75M

2012-11-08
CAMBRIDGE, MA, Developer of analytics software for large, structured and unstructured data, has raised about $6.75 million in venture capital.
Hadapt, a developer of analytics software for large, structured and unstructured data, has raised $6.75 million in venture capital, according to a new filing by the company with the Securities and Exchange Commission. Four separate investors participated in the offering.

Hadapt has developed the industry's only Big Data analytic platform natively integrating SQL with Apache Hadoop. The unification of these traditionally segregated platforms enables customers to analyze all of their data (structured, semi-structured and unstructured) in a single platform - no connectors, complexities, or rigid structure.

The company's core technology began as research in the Yale Computer Science department under co-founders Dr. Daniel Abadi and PhD student Kamil Bajda-Pawlikowski. The third co-founder and CEO, Justin Borgman, was a student at the Yale School of Management when he learned about Dr. Abadi's research and saw its commercial potential. Dr. Abadi took a teaching leave from Yale, and Messrs. Borgman and Bajda-- Pawlikowski left their respective graduate programs, to found Hadapt. In 2011, the company raised a $9.5MM Series A round of funding from Bessemer Venture Partners and Norwest Venture Partners. The company is headquartered in Cambridge, MA.
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