<http://schema.org/articleBody>
"Big data analysis platform provider Coveo has announced that it has landed an $18 million funding round led by Canada's Tandem Expansion\u00A0Fund.\r\n\r\nThe company that recently launched its Coveo for Salesforce product, integrating Big Data insights into Salesforce CRM interface, is planning to spend the funding on expanding its sales and marketing activities, as well as scaling operations. Completing the latter task is supposed to get the company ready for \u201Canticipated hyper growth,\u201D Coveo stated in its press release.\r\n\r\nThe news of the funding round comes just a week after another big data startup, ClearStory Data,\u00A0landed a $9 million Series A investment round, and one of the industry leaders Cloudera raised a whooping $65 million.\r\n\r\nCoveo's big data solution is set to make sense of fragmented data that comes from all sorts of sources, from legacy enterprise systems to social media, and give insights into customers, products, projects and people.\r\n\r\nFor Coveo, this is the fourth and the biggest funding round secured over the past 6 years, with the total investments reaching $34.7 million. In 2012, the company has seen \u201Cseveral year-over-year quarters in 2012 of 80 to 100 percent growth\u201D and has been \u201Coperating at or close to profitability.\u201D\r\n\r\nImage credit: Justin Sullivan\u00A0/ Getty Images."^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2012/12/10/coveo-secures-18m-to-expand-its-big-data-analysis-platform/>