<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>VentureBeat &#187; hadoop based</title>
	<atom:link href="http://venturebeat.com/tag/hadoop-based/feed/" rel="self" type="application/rss+xml" />
	<link>http://venturebeat.com</link>
	<description>News About Tech, Money and Innovation</description>
	<lastBuildDate>Thu, 23 May 2013 21:53:10 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='venturebeat.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://0.gravatar.com/blavatar/c6d8c27ffa1c5a7f106f97e434437baf?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>VentureBeat &#187; hadoop based</title>
		<link>http://venturebeat.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://venturebeat.com/osd.xml" title="VentureBeat" />
	<atom:link rel='hub' href='http://venturebeat.com/?pushpress=hub'/>
<copyright>Copyright 2013, VentureBeat</copyright>		<item>
		<title>Coveo, Canada&#8217;s &#8216;big data&#8217; offering, nabs $18M as it edges closer to profitability</title>
		<link>http://venturebeat.com/2012/12/10/coveo/</link>
		<comments>http://venturebeat.com/2012/12/10/coveo/#comments</comments>
		<pubDate>Mon, 10 Dec 2012 20:03:21 +0000</pubDate>
		<dc:creator>Christina Farr</dc:creator>
				<category><![CDATA[Big Data]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Cloud]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[$18 million funding]]></category>
		<category><![CDATA[Analytics]]></category>
		<category><![CDATA[big data]]></category>
		<category><![CDATA[canadian startups]]></category>
		<category><![CDATA[coveo funding]]></category>
		<category><![CDATA[hadoop based]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=587131</guid>
		<description><![CDATA[<p>"Big data" startups are experiencing fast-growth and are getting funded on an international scale, a sure sign that it's more than just a fleeting Silicon Valley&#160;trend.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=587131&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2012/12/10/coveo/big-data-8/" rel="attachment wp-att-587193"><img class="alignleft size-full wp-image-587193" alt="big-data" src="http://venturebeat.files.wordpress.com/2012/12/big-data1.jpeg?w=558&#038;h=295" width="558" height="295" /></a></p>
<p>&#8220;Big data&#8221; startups are experiencing fast-growth and are getting funded on an international scale, a sure sign that it&#8217;s more than just a fleeting Silicon Valley trend.</p>
<p><a href="http://coveo.com" target="_blank">Coveo</a>, the Quebec-based big data analytics company, has received a massive $18 million from local growth equity firm, Tandem Expansion Fund. It is best known for its recently-launched <a href="http://www.coveo.com/en/Resources/Videos-and-Demos/Coveo-for-Salesforce.aspx" target="_blank">Coveo for Salesforce</a> product, a cloud-based application which delivers quantitative insights about customer interactions. The app works by pushing relevant real-time information to sales and marketing teams, whether its an account, a lead, or new opportunity.</p>
<p>The company will use the funding to build out its sales and marketing team, as it anticipates &#8220;hyper-growth&#8221; in 2013, according to a press release. It anticipates that it will be &#8220;operating at or close to profitability&#8221; in 2013.</p>
<p>&#8220;&#8221;Companies are struggling mightily with big, fragmented data, and are recognizing the need for powerful information access and consolidation technologies like never before,&#8221; said Louis Têtu, the company&#8217;s Chairman and CEO in a statement.</p>
<p>Coveo is one of a growing number of startups that claim to pull together large volumes of relevant public data from sources like Facebook and Twitter, and information contained within a company&#8217;s firewall. The idea is that this data is potentially valuable, and can be used to drive business strategy.</p>
<p>This news comes the week after <a href="http://venturebeat.com/2012/12/06/clearstorydata/">ClearStoryData pulled in an impressive first round of funding</a>, and <a href="http://venturebeat.com/2012/12/06/cloudera-fundraise/">Hadoop-based Cloudera nabbed $65 million in its fifth round.</a></p>
<p>All major existing investors also participated in the round, including BDC Venture Capital, Propulsion Ventures SEC and Fonds de solidarité FTQ. This round of funding brings the company&#8217;s total investments to $34.7 million.</p>
<br />Filed under: <a href='http://venturebeat.com/category/big-data/'>Big Data</a>, <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/cloud/'>Cloud</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/enterprise/'>Enterprise</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=587131&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><div class="post-meta-blurb post-meta-after blurb-tag-analytics"><hr />

<a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate" target="_blank"><img class="alignleft  wp-image-733023" alt="SAP Startup Focus" src="http://venturebeat.files.wordpress.com/2011/05/sap-sfp-vert11.png" width="135" height="88" /></a>Big Data and Predictive/Real-time Analytics startups: Are you looking to jumpstart development &amp; accelerate market traction? Sign up for the SAP Startup Focus program to receive technology, support, resources and community to help you develop new applications on SAP HANA, a cutting edge database platform. <a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate" target="_blank">Get started here</a>, and enter promo code “VB2013″ on the form.

<hr /></div><style type="text/css">.blurb-tag-analytics hr {
margin: 10px 0 10px 0;
}</style>]]></content:encoded>
			<wfw:commentRss>http://venturebeat.com/2012/12/10/coveo/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<enclosure url="http://venturebeat.files.wordpress.com/2012/12/big-data1.jpeg?w=160" /><source url="http://venturebeat.com/2012/12/10/coveo/">Coveo, Canada&#8217;s &#8216;big data&#8217; offering, nabs $18M as it edges closer to profitability</source>
		<media:content url="http://2.gravatar.com/avatar/54db9fa0da02d1fe98a5197333d6d08f?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">christinafarr</media:title>
		</media:content>

		<media:content url="http://venturebeat.files.wordpress.com/2012/12/big-data1.jpeg" medium="image">
			<media:title type="html">big-data</media:title>
		</media:content>
	</item>
	</channel>
</rss>
