Big Data Company RainStor Raises $12 Million Series C From Credit Suisse And Rogers Venture Partners

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http://techcrunch.com – RainStor, makers of a “NewSQL” database, announced that has received a $12 million series C round led by Credit Suisse and Rogers Venture Partners with participation by previous investors Doughty Hanson Technology Ventures, Storm Ventures and The Dow Chemical Company. The company has now raised at least $23.5 million. RainStor develops a relational database that focuses on using compression to make it easier to handle large amounts of data. It claims to be able to reduce data storage requirements by 40 fold, reducing storage space and backup times. RainStor originally focused on us (IT news)