DataTorrent grabs $15M in funding to help make sense of big data -- fast
- 28 April, 2015 21:37
DataTorrent, which claims its software can process billions of events per second in Hadoop clusters, has received $15 million in Series B funding.
Singtel Innov8 led the round, with GE Ventures and others also taking part, bringing total funding to $23.8 million since the Santa Clara company launched in 2012 to perform analytics on structured and unstructured big data.
"Today's investment will allow us to continue to innovate our platform and make data analytics accessible to enterprise customers at all levels and roles data center operations, developers, data scientist and business analysts," said Phu Hoang, DataTorrent's co-founder and CEO, in a statement.
Hadoop, business intelligence and other big data-related startups have been swimming in venture funds of late (See also "8 cloud companies to watch following MONSTER funding week"). CIO.com included DataTorrent in its 10 Hot Hadoop Startups to Watch piece a year ago.
DataTorrent's co-founders both previously led engineering efforts at Yahoo (one at Yahoo Finance), so it might not come as a surprise that Yahoo co-founder Jerry Wang is among its investors.
The company has partners including major Hadoop supporter Hortonworks and Pivotal.