ParStream Raises $8M From Khosla Ventures For Data Analytics Platform

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http://techcrunch.com – Data analytics startup ParStream has raised an $8 million Series B round led by Khosla Ventures. The round increases ParStream’s total funding to $13.6 million. The company raised $5.6 million last year in a round led by Khosla Ventures with Baker Capital, CrunchFund (which is owned by TechCrunch founder Michael Arrington), Data Collective, Tola Capital and private individuals participating. ParStream develops search technology that compresses data using bit-map indexes that allow data to be read very fast as it resides in-memory, stored across a distributed infrastructure. The val (IT news)