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Greenplum obtains additional funding, hires new CEORaven Zachary, February 6, 2007 @ 4:09 pm ET
Greenplum, an open source data warehousing and business intelligence company, announced $19m in equity and debt financing and the appointment of a new CEO today (press release). The Series B funding round was led by Sierra Ventures, with participation from previous Greenplum investors Mission Ventures, Dawntreader Ventures, and EDF Ventures – totalling $15m. The remaining $4m comes as a line of credit from Comerica Bank. Tim Guleri, a general partner at Sierra Ventures, will be joining Greenplum’s board of directors. Greenplum previously closed $15m in its Series A funding round in March 2006, with investors Dawntreader Ventures, EDF Ventures, Hudson Ventures and Mission Ventures.
Greenplum’s new CEO, Bill Cook, is a 19-year veteran of Sun Microsystems, most recently serving as Sun’s SVP of US Sales. Cook replaces former Greenplum CEO Sam Mohamad, who took a position with Scalent Systems as SVP of Sales last month.
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