Big Data Continues to Draw Investors
November 16, 2012
Big Data is big news these days, and it is increasingly big business. Several Big Data companies, especially those who are founded on open source technologies, are raising considerable amounts of capital. Elasticsearch appears to join their ranks. Read the full report in the TechCrunch article, “Big Data Search And Analytics Startup Elasticsearch Raises $10M From Benchmark.”
The article states:
Elasticsearch, a real-time big data search and analytics startup,has raised $10 million in Series A financing led by Benchmark Capital. The other investors in the round include Rod Johnson, the creator of Spring and co-founder of SpringSource, and Data Collective . . . The company will use this funding to expand into new geographic regions and for further product development.
Open source is a good investment, and Big Data is definitely on the rise. However, Elasticsearch has yet to be proven in the industry. The article quotes 1.5 million downloads since 2009, but we received a piece just last week that leads us to believe the numbers may be inflated. “Are Elasticsearch Commits Lopsided?” discusses the questionable counting of downloads, but also the number of actual committers to the open source project. LucidWorks is an industry standard in open source search, so its natural extension into Big Data technology is a good fit and a trusted alternative to Elasticsearch.
Emily Rae Aldridge, November 16, 2012