|XDATA – October 21st 2015|
|Jolata disclosed placing 82% of its $7 million non-brokered equity issuance. Based on the filing, three investors started to subscribe to the $5.75 million first close on October 7th. Based on the offering’s structure, the company has until October 2016 to raise an extra $1.25 million. It appears to be the first time the company is filling a security offering under a registration exemption.|
|Jolata markets a big data solution providing real-time and precise network intelligence, by aggregating, analyzing and visualizing millisecond-precision performance statistics for any flow and anywhere on the network. The company is backed by ATA Ventures (via ATA Fund III).|
|The company, headquartered in San Jose CA, is led by John Loiacono (President). Jolata elected to keep its revenues undisclosed.
The executive team includes Hatch Graham.
Status: First close
Industry: Other Technology
Amount offered: $7 million
Amount placed: $5.75 million
SEC filing: Source
First sale: 10-07-2015
Data as of: 10-21-2015
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