Continuum Analytics has secured a $10 million working capital line of credit from Silicon Valley Bank. The $5 million operating line of credit along with an additional $5 million venture debt instrument will be used to supplement the company’s current equity capital to fund ongoing growth and to empower the next phase of data science.

“As we surveyed the Big Data analytics landscape, Continuum Analytics stood out as an innovative company,” said Dax Williams, managing director, Silicon Valley Bank Austin. “We knew that we wanted to partner with Continuum as they have a bright future and we wanted to be their banker of choice for the long haul.”

Continuum’s Anaconda platform enables organizations to quickly analyze, manage and visualize big data in order to make critical decisions. Built on Python, the fastest growing open data science language, Anaconda integrates into existing IT environments to provide unprecedented flexibility and ease in exploring and leveraging data.

To date, more than 2 million users have adopted the Anaconda platform. Customers include more than 200 of the Fortune 500, 19 of the Fortune 25 and 8,000 universities around the world. Boeing, Procter & Gamble, Pepsi, Schlumberger, the U.S. Department of the Treasury and the Securities and Exchange Commission are among current industry leaders who rely on Anaconda. Anaconda is being used to conduct accurate risk analysis in financial services, process Hubble telescope images, transform media monetization and counter human trafficking.

“Receiving this venture debt facility is a big vote of confidence and additional evidence of the significance of Continuum Analytics as a company,” said Randy Russell, CFO at Continuum Analytics. “We are thrilled to have the leading technology bank, Silicon Valley Bank as a partner to ensure we have the capital to continue growing our business rapidly.”