Hadoop hype spawns $8M for DataTorrent, product opportunities for Splunk, Teradata


Gigaom

Data scientists and business analysts have found lots of ways to get new hunches about what their employers should do by managing and processing data inside Hadoop — not to mention making a little money for themselves. This week the big-data news machine is running at full bore with the Hadoopers coming together in San Jose for the annual Hadoop Summit in San Jose.

New funding for Hortonworks on Tuesday was just a taste. Here are a few of the announcements suggesting that companies are willing to throw money at hardware and software vendors to bolster their use of Hadoop as they ramp up big-data activities:

Startup DataTorrent has taken on $8 million in Series A funding.

August Capital led the round, which brings to $8.75 million the total amount of venture funding DataTorrent has taken on so far. The company is seeking to capitalize on the hunger for…

View original post 508 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s