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October 7, 2014

5 Big Data startups to get funding this week

$60m, $26m, $25.7m, $17m, $17m, Series B and beyond.

By

Zoomdata

Zoomdata, a data analytics startup, is looking to hire staff and fuel sales for its data visualisation platform after raising $17m in funding.

The two-year-old company, which employs about 50 people, closed a Series B funding round, led by Accel Partners, increasing total funding to $22m.

The company also hopes to compete with other data visualisation players like Qlik and Tableau.

"With the rapid adoption of modern Hadoop, NoSQL and Spark datastores, we saw an opportunity to disrupt the legacy market for enterprise and embedded reporting, dashboarding, and analytics with a powerful visual platform designed for the business user," said Justin Langseth, founder and CEO.

"We are making it faster and easier to interact with big data through two key innovations: our patented micro-query technology, combined with our stream processing engine, allows Zoomdata to render big data into compelling visual views within seconds, tapping directly into both historical and real-time data across both legacy and modern datastores."

Alteryx

The startup announced a $60m Series B funding round yesterday led by by Insight Venture Partners alongside participation from existing investors SAP Ventures and Toba Capital.

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The investment brings Alteryx’s total funding to $78m to date and will go towards establishing more sales relationships alongside international expansion and product development.

"Alteryx is enabling our customers to humanise big data and answer the critical business questions that can accelerate their growth," said CEO Dean Stoecker.

"But to find these answers, business analysts need better tools than spreadsheets and other technologies created decades ago.

"Alteryx puts affordable, powerful big data analysis tools in the hands of analysts, and our solutions facilitate complex tasks and the ability to obtain insights from diverse data sets that were once thought impossible to achieve," he said.

The company currently has more than 600 paying customers after seeing a 200% increase in customer growth last year.

Gooddata

Intel is leading a $25.7m funding round into GoodData as the analytics firm reportedly plans for an IPO, which could happen in 2016.

The chip giant’s investment arm, alongside existing investors Andreessen Horowitz, General Catalyst and Tenaya Capital among others, led a Series E funding round for the San Francisco-based startup, which raised a total of $101.2m to date.

As part of the investment, Intel Capital Director Igor Taber will join GoodData’s board.

Jason Waxman, VP of the Data Center Group at Intel, added: "We are just starting to tap the potential of analytics for big data.
"We are investing not only in GoodData’s differentiated, cloud-based analytics solution, but also in the future impact that big data insights can provide across industries."

The funding comes over a year after GoodData, whose customers include Nordstrom, Virgin America and Nordstrom, raised $22m in funding, led by Brazil’s TOTVS.

Glow

The company behind the app that helps women to become pregnant is looking to expand staff and develop new products after raising $17m.

The latest Series B funding round was led Formation 8 joined by previous investors Founder Fund and Andreessen Horowitz, bringing Glow’s total funding to $23m.

The Glow app uses big data analytics to help women to become pregnant by pinpointing the most fertile days in their cycle.

As users input information, such as body temperature, emotions and habits, the app analyses the data within the context of other user data and medical correlations to predict when she’s most likely to conceive.

"We’ve seen phenomenal momentum since launching in the summer of 2013, from announcing 25,000 pregnancies at our one year mark, to rolling out Glow First, Glow for Enterprise and Glow Nurture – but our ambitions are big," said CEO and co-founder Mike Huang.

"To name a few, we’d like to double-down on the product, on our data and research, and on insurance."

It comes after the company announced in August that the fertility app was responsible for getting over 20,000 women pregnant.

Qubit

The startup, which uses analytics to identify and deliver personalised content on ecommerce websites, raised $26m last week to expand its presence in the US and Europe.

The latest Series B round of funding came from London venture capital firm Balderton Capital, Salesforce Ventures and Accel Partners, following a $7.5m funding round from Balderton Capital in December 2012.

The funds will be used to open new offices in Europe, expand in the US and develop its tech.

Founded by former Google employees, Qubit provides software that can analyse up 20,000 data points per second to present online customers who opt-in with information relevant to their needs.

The company, whose customers include Hilton Hotels, Topshop, Asda, Halfords and John Lewis, saw sales rise by 260% in the six months of 2014 from the same period last year.

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