Aug 16, 2013

ShutterStockA startup called Sparql City just raised $10 million, according to an SEC filing. Sparql City isn’t a typical startup, as it was developed as a spinout from ParAccel and its acquirer Actian. The round was led by venture buyout firm Garnett & Helfrich Capital. Some basic information is available on the website, but the technology is still under development. According to president and CEO Barry Zane, the company has built its initial product, dubbed Sparql Base, “a high performance NoSQL/Graph data engine for unstructured data, providing operational and deep analytic capability.” The company is already making its product to customers in the pharmaceutical, life sciences, government, financial services and health verticals. An open source version is available for developers to download on the website; likely, the founders will begin offering consulting services further down the line. Development for the company began in 2011 by a San Diego and Boston-based team of massively-parallel database system engineers. Zane is a familiar face in enterprise circles, as the former cofounder and CTO of ParAccel. ParAccel was acquired this year, despite early protestations from the CEO that the company would remain a scrappy little guy. According to an email from Zane, Garnett & Helfrich’s Terry Garnett “drove the drove the investment and corporate structure” for the entity. Filed under: Big Data, Business, Cloud, Deals, Enterprise