Aliso Viejo-based Datallegro Inc. said Monday it closed its second round of funding, this one worth $15 million.
The company makes software for storing and searching data.
The round was led by Austin-based Adams Capital Management, with prior investors Santa Monica-based Palomar Ventures and Venrock Associates of Menlo Park taking part.
Datallegro didn’t say what the company was valued out in the funding round but said it was higher than its last one in August.
The company hopes to offer its software along with data storage computers made by other companies, according to Stuart Frost, Datallegro’s chief executive. The company’s software is made to be installed in a company’s server room.
The goal of Datallegro’s software is to bridge new and older data. As businesses take on more data each day, old sales records and other information often are offloaded onto a specialized database, like the kind offered by Dayton, Ohio-based NCR Corp. and others.
Datallegro is looking to compete with NCR and others on price.
The company’s software is designed to work with database applications made by Oracle Corp. and others.
Frost has headed a startup before. He founded Britain’s Select Software Tools Ltd. in 1988, which he led to a public offering in 1996. He left the company after it went public.
Frost has a degree in computer engineering from Nottingham University in England and began his career in 1983 as a programmer and systems analyst.
