# Vertica Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vertica-systems

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.vertica.com
- Total disclosed funding: $20M
- Latest round: Series B (Nov 8, 2006)
- Investors on record: 4

## About

Vertica Systems Inc is a data analytics company that specializes in providing high-performance analytics databases, enabling businesses to analyze vast amounts of data in real time with a focus on scalability and efficiency.Founded in 2005 and headquartered in Cambridge, US, Vertica Systems Inc offers advanced analytics solutions. In February 2011, the company was acquired by Hewlett Packard for an undisclosed amount. The company has completed 4 deals, with its latest funding round being a Series B that raised USD 13.00 mn from investors including Bessemer Venture Partners, Highland Capital Partners, Kleiner Perkins, and New Enterprise Associates, bringing the total raised to USD 13.00 mn and a current company valuation of USD 50.69 mn.OpenText Analytics Database (Vertica) is a sophisticated analytics database designed for real-time data management and analysis. Its columnar architecture supports high-performance analytics on petabyte-scale datasets, enabling clients to analyze both structured and semi-structured data seamlessly. The platform caters to various use cases, including predictive maintenance, customer analytics, fraud detection, and compliance reporting, serving industries such as finance, healthcare, and telecommunications with notable clients like Philips Healthcare and Agoda.OpenText Analytics Database (Vertica) operates on a subscription-based revenue model, where clients engage in long-term contracts for its services. These business-to-business agreements provide clients with tiered subscription levels, offering access to advanced features such as machine learning capabilities and real-time analytics, resulting in a consistent revenue stream from ongoing client engagement.Vertica Systems Inc is focusing on expanding its product offerings and entering new markets. The company has plans to launch upcoming features and enhancements, although specific release dates are not disclosed. Target markets for expansion include North America and Europe, aiming to increase its presence across these regions by the end of 2023. The funding raised in the Series B round will be utilized to support these growth initiatives and enhance product development.

## Funding rounds

- Series B, Nov 8, 2006, $13M — Highland Capital Partners, Kleiner Perkins, New Enterprise Associates, Bessemer Venture Partners
- Series A, Jan 1, 2006, $7M — Highland Capital Partners, Kleiner Perkins, New Enterprise Associates, Bessemer Venture Partners

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A, Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B