Editor’s Pick In-Q-Tel, the CIA’s venture arm, is treated with reverence by business software providers.
The final installment in today’s breakfast, lunch, and dinner servings of Funding Daily.
Platfora, the startup that made a splash at the recent Strata conference with its flagship product to “unleash the potential of Hadoop,” has raised its second round of funding.
Platfora, the Andreessen Horowitz-backed “big data” startup, unveiled the product it has been baking for over a year at Strata, a data-focussed conference today.
Guest Post Big data has been the subject of a lot of hype lately. But that doesn’t mean it’s a fad; this movement is certainly here to stay. It is essentially the business of how we deal with the volume, variety, and velocity of data that is continuously accumulating around us. The idea is that we can learn quite a bit more about ourselves (both as consumers and enterprises) by sifting through all of the data that surrounds us. We’re now entering the formative years of Big Data being the fifth technology wave (mainframes, PCs, Internet, and social media being the previous four). And just as with every wave before it, your business is going to have to figure out the fundamental opportunities and challenges before you can make Big Data work for you:
Platfora, a data management software provider based on Hadoop, announced on Thursday it has raised $5.7 million from Andreessen-Horowitz just a few months after the company was founded.