Stratio, a big data analytics startup founded in Madrid, has raised €13 million in a funding round Adara Ventures, with participation from GP Bullhound.
Stratio develops its main product for enterprise customers, Stratio Data Centric, focusing on artificial intelligence and big data analytics with a technology stack including Cassandra, Apache Spark, and the company’s own components.
“Stratio makes next-generation technologies usable for IT heavy enterprises at a fraction of the cost of doing it themselves,” said Joakim Dal, partner at GP Bullhound. “We see significant opportunities for growth ahead for Stratio.”
The company has offices in Silicon Valley, Madrid, Sao Paolo, Bogota, and Vancouver.
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