Nine enterprise-focused companies — including two focusing on cloud infrastructure — pitched investors at Alchemist Accelerator’s demo day. Alchemist Accelerator is a new incubator created by Stanford’s Ravi Belani and focused on enterprise technology.
Log management startup Sumo Logic has secured a $30 million Series C funding round from Accel Partners along with existing investors Greylock Partners and Sutter Hill Ventures. The company, which competes primarily with Wall Street darling Splunk, has now raised $50.5 million since its creation.
Mobile-application development specialist Appcelerator bought big data startup Nodeable on Wednesday, although the deal wasn’t exactly what Nodeable was planning for when it launched in 2011. Founder and CEO Dave Rosenberg shares some of the lessons he learned trying to break into the big data space.
Data Collective is a new venture capital firm focusing on seed-round investments in big data startups, from the infraastructure level up to analytics and applications. Among its collection of portfolio companies are Kaggle, MemSQL, Continuuity, Parse, Keen.io, Meteor, MongoHQ, Citus Data and Piston Cloud.
A startup called Bluebox has raised $9.5 million from Andreessen Horowitz and Andy Bechtolsheim, among others, although the world will have to wait a little longer to hear about the technology justifying all that money. What we do know if that Bluebox targets mobile security.
10gen, the creator and commercial entity behind the popular MongoDB database has raised another $42 million and wants to take the technology to an application near you. The money will help 10gen double down on research and development to make MongoDB live up to its hype.
According to some doomsayers, innovation is dead and Silicon Valley is just a muck pond where social media companies breed and reproduce like mosquitoes. That’s not entirely true, but the face of innovation has changed. Cloud computing has made innovation something anyone can do.
If you don’t think venture capitalists and other investors love all things big data, think again. In the past three days alone, companies claiming some connection to big data — either analyzing and/or storing large volumes of data — have announced at least $56 million in new funding.
In a cloud computing market dominated by large, well-known companies such as Amazon Web Services and Rackspace, it’s difficult to find much upside investing in the competition. However, Battery Ventures has done just that, leading a $27.5 million round in SingleHop, a Chicago-based infrastructure-as-a-service provider.
Mu Sigma has closed a $108 million investment round to expand its analytics-outsourcing business. Mu Sigma takes customers’ data and it turns it into business insights, meaning customers don’t have to built their own in-house big data expertise. It’s an already-profitable business that’s only getting bigger.