MineShare Inc, privately-held Santa Monica supplier of decision support software, says it has secured $6.5m in venture financing in a second round of funding. The investors include Brentwood Venture Capital, Enterprise Partners and Forrest Binkley and Brown. Since last June MineShare has raised a total of $8.5m in venture funding. The company intends to use the new funds to build-out its sales, marketing and support infrastructure and to make further investments in its technology. As part of the latest round of financing, Stewart Schuster, a partner at Brentwood Venture Capital, will take a seat on MineShare’s board of directors. Schuster was formerly the executive vice president of marketing for Sybase Inc. MineShare claims its suite of products, built on top of a three-tier client/server architecture, automates every facet of the decision support process in a synthesis of data extraction, data marting, ROLAP, OLAP, and report distribution technologies.
