Jut secured Series B funding round worth USD20 million
San Francisco based Jut had secured a successful Series B funding round by raising USD20 million in Series B financing. Leading the financing round is Accel Partners together with LightSpeed Venture Partners and Wing.
Jut had already established its presence in big data applications. According to Jut founder and CEO Steve McCanne, "It's now clear that open source big data is radically changing the way information infrastructure is architected (sic) for scale and cost. But the real opportunity lies in rethinking how enterprise applications are architected (sic) so they can make sense out of the massive volumes of big data."
Jut was established by a team of skilled individuals that know how to build successful companies around category defining technology. The funds raised would be utilized to expand its engineering team as well as help in the delivery of its first generation software to the market. The firm has an open source oriented and driven culture that utilizes data for decision making purposes.