Concurrent, Inc. announced that it has raised $4 million in Series A funding. This follows a $900,000 seed investment in August 2011. The company says that the new investment, led by True Ventures and Rembrandt Venture Partners, will be used to fuel product development, grow the core team and further deliver on the company’s vision to simplify big data application development on Apache Hadoop..
Concurrent also announced that Gary Nakamura has been named as its CEO. Prior to joining Concurrent, Nakamura served as senior vice president and general manager of Terracotta, Inc., which was recently acquired by Software AG. Founder Chris Wensel, who is taking on a new role as CTO, will lead product innovation and Cascading community engagement for the company.
Founded in 2008, Concurrent aims to simplify big data application development, deployment and management on Apache Hadoop. In June 2012, the company launched Cascading, a technology for building big data applications, and in February 2013, it launched Lingual, an open source project that delivers ANSI-standard SQL technology to build new and integrate existing applications onto Hadoop.
For more information about Concurrent, go to http://concurrentinc.com.