Datameer Receives Third Year of Funding from RedPoint and Kleiner Perkins

October 11, 2012

Tech Crunch recently reported on the big data and hadoop analytics company Datameer in the article, “Analytics Company Datameer Raises $6 million From Redpoint Ventures and Kleiner Perkins.”

According to the article, After raising $2.5 million from Redpoint in 2010 and $9.25 million led by Kleiner Perkins in 2011, Datameer has raised $6 million as of September 25. This year’s primary donors were Redpoint and Kleiner Perkins.

Why are these two companies so interested in investing in Datameer? It may have something to do with the fact that Datameer makes a spreadsheet-style interface for Apache Hadoop and makes the big data analytics platform easier for non-developers to use.

The article states:

“That may sound simple enough, but Hadoop can be very difficult to use, especially for business users who typically work in Excel or business intelligence dashboards and don’t necessarily need to perform computationally complex problems. To help those users out, Datameer has developed an interface for Hadoop that uses a familiar spreadsheet model. It also sells a desktop edition that will enable users to run Hadoop on a single desktop machine, with no need to run a big cluster anywhere. The standalone desktop version obviously isn’t comparable to a big cluster of servers, but it can be used as an analytics tool in its own right. For more details on the company’s offerings check out Curt Monash’s analysis.”

Big Data analytics solutions are becoming a more and more integral part of strategic planning. Those companies who are interested in getting the most of their data, should look into investing in one of these solutions.

Jasmine Ashton, October 11, 2012

Sponsored by ArnoldIT.com, developer of Augmentext

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