In the past month, Intel Capital has announced two investments in Brazilian big data and analytics companies. The latest investment came today when Intel Capital announced it backed Geofusion, a Brazilian company providing “geomarketing” data analytics and intelligence to enterprise customers. The amount of the funding is undisclosed. The announcement follows an undisclosed investment it made a few weeks ago in WebRadar,
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At its “Minds and Machines” conference in San Francisco, GE announced today its “Industrial Internet Quests” challenge to developers and data scientists to create new algorithms and design applications to reduce air travel delays and improve the patient experience. Winners of the challenge will receive a $600,000 stake for mining data and developing solutions for productivity.
Marinexplore, which operates a big data platform to catalog data on the world’s oceans, has raised a seed funding round led by Intertrust Technologies Corp.and several individual investors. The company tells peHUB that the amount of the seed round is $1.4 million.
DataStax, the provider of the open source database management system Apache Cassandra, has raised a $25 million Series C round of funding. Meritech Capital Partners led the round, with participation from existing investors Lightspeed Venture Partners and Crosslink Capital. The company has now raised $38.7 million in fudning since 2010.
Norwest Venture Partners has led a $4.3 million Series A funding round of InsightsOne, a Santa Clara, Calif.-based provider of data analytics. Promod Haque, managing partner at NVP, joins the company board as part of the funding. The company says investors, in addition to Norwest, include Gaurav Garg, private investor and special limited partner at Sequoia Capital; Zod [...]
Here are the 10 most popular posts on peHUB based on number of pageviews from regular readers for March 19 – 23.
The new big data analytics and machine learning company Skytree launched today and announced that Javelin Venture Partners has backed it with a $1.5 million Series A round. The company’s team includes co-founder and CEO Martin Hack, co-founder and CTO Alex Gray, who teaches machine learning at Georgia Tech. In addition to Gray, Noah Doyle of Javelin and David Toth, [...]
IA Ventures formally announced that it has raised a second fund, which peHUB was the first to report on last October.
Accel Partners has upped its bet on Big Data, announcing this morning that it has dedicated $100 million from its various funds to invest in startups focused on Big Data problems. “What we’re seeing here is a real opportunity to build companies up and down the data stack,” says Ping Li (pictured), one of several [...]