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Cirro Announces $8M in Series A Funding

2013-10-09
SAN JUAN CAPISTRANO, CA, Company that enables on-the-fly access, exploration, and analysis across all disparate data sources, announced it has closed $8 million in Series A funding led by Toba Capital.
Cirro, the company that enables on-the-fly access, exploration, and analysis across all disparate data sources, announced it has closed $8 million in Series A funding led by Toba Capital along with existing investors Frost Venture Partners and Miramar Venture Partners. Toba Capital is a venture firm founded by Vinny Smith, former chairman and CEO of Quest Software. Series A funds will support expanded investments in product development, professional services, sales, marketing and general scaling of Cirro's growing business.

Big Data has exploded on the corporate data processing landscape with major fanfare, and for many organizations the decision of 'what to do' with big data already looms far larger than the challenge of capturing it. 'Every day organizations are wrestling with strategies for integrating the old world of the data center and relational databases with the new world of Big Data, SaaS and NoSQL data sources,' said Mark Theissen, CEO, Cirro. 'Cirro's Next Generation Data Federation platform simplifies access for all data sources and shifts the corporate analytic focus from asking questions you already know to answering disruptive questions that deliver new insights and ultimately bottom-line impact.'

'Combining traditional data with new data sources and types represents an untapped opportunity to explore and seek business insights previously unavailable,' said Vinny Smith, founder, Toba Capital. 'Cirro is a revolutionary approach to data federation that dramatically collapses the time required to conduct penetrating analysis of all enterprise data.'

'Cirro provides the first data federation solution that has been designed from the ground up for the challenges of big data and cloud computing,' said Stuart Frost, Managing Partner & CEO, Frost Venture Partners. 'Going forward the world of data will be distributed between the data center and the cloud on multiple platforms. Cirro provides a critical technology to integrate this distributed world for analytics.'

'Data Federation is a natural component for emerging enterprise architectures,' states Krishna Roy, Analyst Enterprise Software, 451 Research. 'Organizations need to seriously consider the opportunities Data Federation presents for faster, ad-hoc data access and analysis for their analytic environments or risk falling behind.'

2013 Market Recognition & Awards

As organizations continue to evolve their new enterprise architectures, Data Federation is being viewed as a strategic and natural extension of their data analytic frameworks. The market is taking notice, too. In 2013 alone Cirro has garnered several industry awards and recognition for their revolutionary approach to the data federation challenge. These include:

CIOReview's 20 Most Promising Big Data companies,
Forbes One of 10 Cloud Startups Changing The Data Landscape,
Cirro named a Top 10 company to watch in Database Trends and Applications,
CRN Big Data 100: Business Analytics.

In October Cirro will be a sponsor at the upcoming Strata + Hadoop World (kiosk #69) October 28-30 in New York City.

About Toba Capital

Toba Capital is a venture firm focused on enterprise software and infrastructure. Toba backs entrepreneurs building transformative businesses, both as an investor and as an ongoing operational partner. The firm was founded by Vinny Smith, the founder of Patrol Software and former chairman and CEO of Quest Software. For more please visit www.tobacapital.com.

About Frost Venture Partners

Frost Venture Partners (Frost VP) is a highly focused investment vehicle created by Stuart Frost, former founder & CEO of DATAllegro ($275m exit in 2008) and SELECT Software Tools (IPO 1996). Frost VP is a new kind of technology incubator built to take advantage of the once in a generation opportunity to create a series of 'big data' software companies as the industry makes a wholesale move to cloud computing. For more please visit www.frostvp.com.

About Miramar Venture Partners

Miramar invests in early-stage information technology opportunities, with an emphasis on projects based in Southern California. We partner with leading entrepreneurs to transform game changing ideas into capital efficient, profitable businesses. For more please visit www.miramarvp.com

About Cirro

Cirro is the 'next generation' data federation software that enables enterprises to quickly extract unique business insight from their entire data ecosystem by facilitating the processing of queries across disparate databases and sources, without requiring a semantic layer or ETL. Cirro is designed to enable non-technical analysts to derive value from big data and structured data using tools already on their desktop such as today's popular business intelligence tools. Cirro can be deployed in the cloud or in the data center and integrates with customer's existing analytic investments. Founded in 2010, Cirro is headquartered in San Juan Capistrano, CA. For more information on Cirro, please visit www.cirro.com.
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