Wednesday, October 22, 2014

StackIQ Raises $6M

San Diego-based StackIQ, which develops IT automation tools for the enterprise, has raised $6M in a Series B funding round, according to the company. The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. The company said the new funding will go toward scaling sales and marketing. StackIQ develops IT automation software for deploying big data and cloud applications on Hadoop. The company is led by Tim McIntire.