Spotlight: Appfluent raises $4.4 million for big data management


Bethesda, MD-based Appfluent Technology, a provider of big data warehouse management software, has received $4.4 million in Series AA venture capital financing. Appfluent's software allows groups to extend enterprise data warehouse capacity and reduce data management costs. Additionally, it keeps track of business activity and data usage. The announcement pointed to a statement by Mark Beyer, research vice president at Gartner, who said that "by 2020 big data features and functionality will be non-differentiating and routinely expected from traditional enterprise vendors." The funding round was financed by Novak Biddle Venture Partners. Read more