Derrick Harris, GigaOM
June 2, 2014
Big data startup Concurrent has raised a $10 million series B round of venture capital from Bain Capital Ventures, Rembrandt Ventures and True Ventures (Disclosure: True Ventures is also an investor in Gigaom). The company actually made its name building and supporting Cascading, a framework that many folks use to build Hadoop applications and data workflows at a higher level than writing MapReduce jobs, but is now also pushing application performance management with a product called Driven. Concurrent launched in 2007 and has raised nearly $15 million since first taking venture financing in 2011.