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he's been spinning out of his incubator. What's the idea behind the incubator? Now, we're turning into a formal incubator. However, we're very different than most incubators, in that we only do big data. Second, we only incubate companies we ourselves start. It's been great. EMC's a big investor in one company.
San Juan Capistrano-based Cirro , a developer of software for data access, exploration, and analysis, announced this morning that it has raised $8M in a Series A funding round. The round was led by Toba Capital, and also included Frost Venture Partners and Miramar Venture Partners. Cirro''s CEO is Mark Theissen.
San Diego-based Independa , which develops remote health management and monitoring systems for the elderly, said today that it has raised $2.35M in a convertible note funding. The firm said the round included Miramar Venture Partners and City Hill Ventures. of the funding had been announced by the company last September.
Cirro is one of the companies out of the big data incubator headed by Stuart Frost, Frost Venture Partners; the company''s venture backers include Toba Capital (the venture fund of former Quest Software CEO Vinny Smith) and Miramar Venture Partners. READ MORE>>.
The company said the strategic funding ronud came as part of its Series A funding round, which it had announced in October. Cirro''s other Series A backers are Toba Capital, Frost Data Capital and Miramar Venture Partners. The company is one of the firms out of big data incubator Frost Venture Partners. READ MORE>>.
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