Another Big Data Startup With Big Money

July 7, 2013

How many times have we heard about big data startups getting a massive funding investment in the past year? The number is so high it almost reaches the amount of funding these companies are received. Taking a look at the Wall Street Journal Digits Blog we have another one, “Stealth Data Startup RelateIQ Raises $29 Million.” After a cunning pun about being hidden for two years, the article explains how RelateIQ is becoming a big name in big data:

“The startup, which is now valued at $100 million, is backed by Accel Partners, an early investor in Facebook,  Allen & Co., Battery Ventures, and others part of Facebook’s network, including co-founder Dustin Moskovitz. It also is being advised by technology gurus including Bill Campbell, the former executive coach of Steve Jobs, and DJ Patil, the former chief scientist of LinkedIn.”

RelateIQ is part of the new wave of big data startups that specialize in enterprise companies. Enterprise companies are interested in managing the data from old storage towers to social networks with the hopes for better business relationships. RelateIQ’s funding is a major leap for a small startup. Just wait for more money to poor in less well-funded outfits.

Whitney Grace, July 07, 2013

Sponsored by ArnoldIT.com, developer of Beyond Search

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