In-Q-Tel helps Platfora raise $5.7m

Sep 9, 2011 • Robert Lavine

US-based data software company Platfora secured $5.7m of series A funding yesterday, from In-Q-Tel (IQT), the venture capital firm backed by the US Central Intelligence Agency (CIA) and venture capital firm Andreesen Horowitz.

IQT works as a strategic rather than profit-focused entity, investing in start-ups based around software, infrastructure or material sciences so the CIA can have access to firms’ technology later.

Platfora is creating analytics platforms which use the popular software framework Hadoop to process large quantities of data.…

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