The business analytics software from SAS is about to get a lot faster.
Myriad industries stand to benefit from in-memory computing, from oil companies that monitor pipelines and track real-time pricing information to logistics organizations that analyze real-time traffic and weather conditions to calculate optimal delivery routes. GridGain hopes to sell its services to all of them.
Editor’s Pick SAP is best known for being a serious but stodgy player in enterprise software. But SAP platform head Steve Lucas says his company hasn’t done enough in “big data” and that SAP is going to make life for its competitors miserable.
GridGain, a company that makes an in-memory database for companies that need to process large amounts of data rapidly, announced that it has closed a $10 million Series B round of funding.
is more than doubling its commitment to the SAP HANA Real Time Fund, going from $155 million to $405 million, to support innovation surrounding real-time applications and big data.
Editor’s Pick SAP has been throwing its hands in the air for years, exclaiming that it is indeed a cloud company. But yesterday, SAP took a big step that shows where it and its customers are at by offering its “HANA” in-memory database technology from its own cloud.
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Editor’s Pick SAP’s startup program is not just about building loyalty with early-stage companies. It’s about ensuring SAP has an equity stake and, when the timing is right, that it can make the first stab at acquisition.