big data
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Small business loan platform Kabbage nabs $250M from Softbank
Kabbage, a company with some 115,000 customers and $3.5 billion in loans that has built an automated platform for lending money to small businesses and individuals using a large set of data points to determine a customer’s credit score, is announcing some big cabbage of its own today. SoftBank Group is investing $250 million in Kabbage — funding that Rob Frohwein, the co-founder… Read More
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Authory wants to help journalists raise their voices
Journalists wanting a neat way to back up and showcase their writing should take a look at Authory: a new service that promises to save your work from tumbling into a digital abyss — i.e. being buried 10,000 leagues down, folded under the ceaseless deluge of new data, where few eyeballs stray. Read More
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Iguazio nabs $33M to bring big data edge analytics to IoT, finance and other enterprises
Big data analytics — where vast troves of information are structured and used to help businesses gain more insights into their operations and customers, to develop new products, and to run more efficiently — are a cornerstone of how many tech-centric enterprises run their businesses today. Now the focus is on building solutions that the rest of the enterprise world can use, even if… Read More
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LiveStories nabs $10M to organize, analyze, and visualize fragmented civic data
Big data analytics continues to be a key driver in how organizations utilise their vast quantities of information to run their businesses, and now a startup that has built a big data platform specifically focusing on data from the public sector has raised a round of funding. LiveStories, a Seattle-based company that works with governments, education institutions and other public entities… Read More
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AI data-monopoly risks to be probed by UK parliamentarians
The UK’s upper house of parliament is asking for contributions to an enquiry into the socioeconomic and ethical impacts of artificial intelligence technology. Among the questions the House of Lords committee will consider are how can the data-based monopolies of some large corporations, and the ‘winner-takes-all’ economics associated with them, be addressed? Read More
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Microsoft Workplace Analytics helps managers understand worker productivity
Microsoft has long held that the Microsoft Graph — the data it collects as a byproduct of people simply using their online tools — provides a wealth of information that companies can use to understand their workers better. Today, the company announced general availability of Workplace Analytics, which has been designed to give managers and executives a broad understanding of… Read More
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Exposed GOP database demonstrates the risks of data-hungry political campaigns
Since November, the Trump campaign’s possibly brilliant, maybe-just-lucky data strategy launched a thousand thinkpieces. Now, we’ve got a more intimate look at that data than we were ever meant to have. As discovered by Chris Vickery, a cyber risk analyst at UpGuard, and reported by Gizmodo, an analytics firm hired by the Republican National Committee left the data of 198 million U.S. Read More
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Element AI, a platform for companies to build AI solutions, raises $102M
The race for artificial intelligence technology is on, and while tech giants like Google and Facebook snap up top talent to build out their own AI-powered products, a new startup has just raised a huge round of funding to help the rest of us. Element AI — a Montreal-based platform and incubator that wants to be the go-to place for any and all companies (big or small) that are building… Read More
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Facebook will share anonymized location data with disaster relief organizations
A new initiative from Facebook will provide aid organizations with location data for users in affected areas, such as where people are marking themselves safe and from where they are fleeing. It shows the immense potential of this kind of fine-grained tracking, but inescapably resurfaces questions of just what else the company could do with the data. Read More
Latest Crunch Report
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Databricks releases serverless platform for Apache Spark along with new library supporting deep learning
Today to kick off Spark Summit, Databricks announced a Serverless Platform for Apache Spark — welcome news for developers looking to reduce time spent on cluster management. The move to simplify developer experiences is set to be a major theme of the event overall. In addition to Serverless, the company also introduced Deep Learning Pipelines, a library that makes it easy to mix… Read More
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Amazon Charts, Amazon’s new bestseller list, ranks titles by ‘most read’ and more
Amazon has long relied on customers providing feedback and other ranking data as part of the process of encouraging more sales on its platform, and now the e-commerce giant is adding a new twist on this to spur more buying in its books business. Today, Amazon announced Amazon Charts, a new kind of bestseller list that will give users, for the first time ever, a top 20 list of… Read More
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NuCypher is using proxy re-encryption to lift more enterprise big data into the cloud
After spending time at a London fintech accelerator last year, enterprise database startup ZeroDB scrapped its first business plan and mapped out a new one. By January this year it had a new name: NuCypher. It now will try to persuade enterprises to switch to their specialized encryption layer to enhance their ability to perform big data analytics by tapping into the cloud. Read More
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Snowflake rakes in $100 million to grow its Data Warehouse as a Service
Snowflake Computing, the company that built a Data Warehouse as a Service cloud solution, announced a $100 million Series D investment led by Iconiq Capital with help from Madrona Venture Group. Early investors Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures also participated. Snowflake last raised $45 million in June, 2015. Today’s investment brings the… Read More
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Commission your own traffic and construction studies without ever leaving bed using SpaceKnow
The number of things that can be done from the comfort of one’s own bed has increased in recent years — shopping, banking and now geospatial analytics. OK, it doesn’t sound sexy, but it might give you a leg up the next time your friend starts an arcane argument with you over whose neighborhood historically has more vehicles on the road. Read More
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Arable raises $4.25 million to demystify farming with sensors and data
Believe it or not, farmers in the U.S. have faced a labor shortage for years. U.S. citizens aren’t drawn to agriculture the way they were in previous generations. The labor trend has pushed farmers to automate some of the tasks done by agronomists and field workers in the past, using software, robotics and IoT devices like Arable’s. Read More
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Mesosphere’s DC/OS adds more one-click integrations and better support for machine learning workloads
Mesosphere is launching an updated version of its DC/OS platform for running microservices and big data applications in private and public clouds. Version 1.9 of DC/OS is a significantly bigger release than the version number indicates at first glance. Read More
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Endor emerges from MIT research with unique predictive analytics tech
Endor, a stealth Israeli predictive analytics company, has its roots in some interesting research on human behavior conducted at MIT’s legendary Media Lab. The company has developed a predictive analytics cloud service based on a concept called ‘Social Physics‘, which purports to simplify big data analysis. The thinking is that people tend to behave in predictable ways… Read More
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Propulse employs deep learning to power product recommendations for retailers
Propulse Analytics is launching today with $1.4 million in seed financing to equip retailers with deep learning for product recommendations. Backed by Wobemail Online Services LLP and Stradigi Ventures, the Canadian startup is leveraging the features of product images to better grasp customers’ tastes and ultimately increase sales for retailers. The inspiration for Propulse came… Read More
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Crunch Network
Why the promise of big data hasn’t delivered yet
The ubiquity of big data is such that Gartner dropped it from their Hype Cycle of Emergent Technologies back in 2015. Across sectors, businesses are scrambling to make every function “data driven,” and there’s no shortage of firms lining up to help them. The big data analytics industry is worth $122 billion — and growing. Read More
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