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APR 1, 2013 11:48am ET

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ParAccel’s Path to Faster Advanced Analytics

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ParAccel is a well-funded big data startup, with $64 million invested in the firm so far. Only a few companies can top this level of startup funding, and most of them are service-based rather than product-based companies. Amazon has a 20 percent stake in the company and is making a big bet on the company’s technology to run its Redshift data warehouse in the cloud initiative. MicroStrategy also uses ParAccel for its cloud offering, but holds no equity in the company.

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