Incubated within big data company Greenplum (acquired by EMC in 2010) and following 15 months of product development, Silicon Valley-based Alpine Data Labs launches its solution for “Big Data Predictive Insight” in the United States today.
The company is also announcing that it has landed $7.5 million in Series A funding from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company is also backed by Stanford University.
The funding will be used to help Alpine Data Labs increase staff in China and the US and accelerate product development and sales.
Here’s how Alpine Data Labs CEO Anderson Wong pitches his company:
“Companies cannot wring all the possible value from their data because the potential in their data is growing faster than they can analyze it, they don’t have enough resources with analytics expertise, and the tools they’re using are too complex to get to the answers they need quickly and effectively. But Alpine Data Labs takes these walls down, making it possible to use the power of Big Data to more accurately predict the future.”
Wong co-founded the company in 2010 after serving as general manager at Greenplum, where he responsible for that company’s entry into China. He also served in a variety of management positions at IBM and Sun Microsystems.
CTO and co-founder Yi-Ling Chen has over 20 years’ experience in IT and consulting, including serving as technical director of support and service for Greenplum in China.