Concurrent has raised $4 million in a Series A funding for its big data application development platform and hired a new CEO. The investment was led by True Ventures and Rembrandt Venture Partners. Concurrent received a $900,000 seed round in 20111. → Read More
Intel has launched its own Hadoop distribution, entering an already crowded market of major players all looking to get a piece of the big data pie. The company also announced an open-source effort to enhance security in Hadoop. Earlier this week, EMC and HP each announced its own Hadoop distribution. But for Intel, the challenge is to fortify its market-leading position in the data center, where… → Read More
RainStor, makers of a “NewSQL” database, announced that has received a $12 million series C round led by Credit Suisse And Rogers Venture Partners with participation by previous investors Doughty Hanson Technology Ventures, Storm Ventures and The Dow Chemical Company. The company has now raised at least $23.5 million. → Read More
Quantcast, an internet audience measurement and ad targeting service, processes over 20 petabytes of data per day using Apache Hadoop and its own custom file system called Quantcast File System (QFS). Today, it’s making that technology available to as open source under an Apache license. You can now find it on GitHub. → Read More
Wall Street has been dealing with big data since before it was a thing. But the rise of algorithmic and high frequency trading is making big data even bigger and has led many firms to adopt the same free open source tools that tech startups and scientific researchers are using, according to Dharmesh Malam, CEO and co-founder of the Y Combinator alum BigCalc. → Read More
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