Two months after hiring two LogMeIn veterans to head up the company, Boston database technology firm Deep Information Sciences has announced raising $8 million in new funding.
Co-leading the round was Sigma Prime Ventures of Boston, with the deal spearheaded by well-known managing director Robert Davoli. In 2013, when Deep raised $10 million, Davoli personally invested in the round though Sigma did not.
Also co-leading the new round was Stage 1 Ventures of Waltham, and AlphaPrime Ventures of New York took part.
Deep plans to use the fund to make hires in sales, marketing and development for its software, which aims to help companies transition their databases into the “big data” age.
Deep CEO Les Yetton puts it this way in a news release: “no matter how you try to optimize them, existing databases don’t have anywhere near the performance, scale and agility needed for the emerging Big Data world.” Deep aims to offer a way for companies to more fully leverage the deluge of data they’re generating, according to the release.
Yetton was previously SVP and GM at LogMeIn, within the company’s Internet of Things unit, Xively. He joined Deep in February along with chief strategy officer Chad Jones, who’d previously been VP for Internet of Things strategy at Xively.
Deep was originally founded in 2009, as CloudTree, by veterans of Chelmsford cybersecurity firm Arbor Networks.
