Accel Partners has announced the creation of a $100 million Big Data Fund. The Big Data Fund, which will be managed by Accel Partners globally, is dedicated to fostering early stage and growth companies throughout the Big Data ecosystem.
Accel’s Big Data Fund aims to fund transformative early stage and growth companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services – i.e. data analytics, business intelligence, collaboration, mobile, vertical applications and many more. We believe the future multi-billion software companies will be emerge from the Big Data ecosystem.
The Big Data Fund will be managed by Accel Partners globally. Accel will also collaborate closely with pioneering entrepreneurs and technologists in Big Data who will lend their expertise as formal fund advisors – Doug Cutting (Apache Hadoop), Gil Ebaz (Factual), Jeff Hammerbacher (Cloudera), Jeff Heer (Stanford), Hilary Mason (Bit.ly), Jay Parikh (Facebook) and Kenny Van Zant (Solarwinds).