Stratio, a third generation Big Data platform, has received a funding boost from GP Bullhound as part of a €13m Series B round led by Adara Ventures.

The funds raised will go toward the continued evolution of the Stratio Big Data product suite while accelerating the growth of their software subscription business internationally.

Stratio’s modules can be selected as needed like a handyman’s toolkit and tailored to individual business’s problems using Big Data and AI.

“Stratio’s growth in recent years has been on an exciting trajectory,” said Stratio CEO Oscar Mendez.

“We are delighted to continue to work with Adara Ventures and have built a fruitful relationship with GP Bullhound for the past few years.

“We look forward to working together with them on our international expansion and growth strategy.”

GP Bullhound Partner Joakim Dal commented: “Stratio makes next generation technologies usable for IT heavy enterprises at a fraction of the cost of doing it themselves. We see significant opportunities for growth ahead for Stratio.”