Amazon Backs ParAccel

Campbell, CA-based ParAccel said today that it has raised an undisclosed amount of new financing from Amazon and existing investors Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners, and Silicon Valley Bank. While ParAccel has shifted its headquarters to the Bay Area, the company still operates in San Diego, making a high-performance database system used by financial and government customers. It has raised $73 million all told, according to a report today in Dow Jones VentureWire.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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