Cisco reportedly took part in a round that boosted the overall funding for the Shutterstock-backed enterprise data management platform to $75m.
US-based data management software provider ActionIQ secured $32m on Wednesday in a series C round that, according to TechCrunch, included Cisco Ventures, networking technology producer Cisco’s corporate venturing unit.
Technology investment firm March Capital Partners led the round, which also featured venture capital firms Sequoia Capital, Andreessen Horowitz and FirstMark Capital. The company described the round as including those three but did not confirm Cisco’s participation.
ActionIQ has built a software platform that enables enterprises to analyse customer data in…
