Aster Data Garners $30 Million
September 24, 2010
With increasing databases and demand for its successful conversion into meaningful rich resources, it is no wonder that the financial investors and promoters greatly acknowledge this remarkable opportunity, and foresee a tremendous growth in this sector. It is evident from the recent announcement from the market leader in big data management and data analysis for data-driven application, Aster Data, of accumulating a surplus fund of $30 million in its Series C round, contributed by its existing and new investors.
Riding on the explosive data volumes growth across organizations, Aster data has leveraged on the great demand for rich and advanced analytics, which has huge potential to tap on the gigantic $20 billion database market. Aster data’s recent press release asserts that its strong innovation and execution have led to double its revenue every year. This demonstrates a great momentum, which has been recognized by the renowned business organizations like the World Economic Forum, Gartner Inc., and won it excellence awards by TechWeb and San Francisco Business Times, for its product and service.
According to the press release, Aster Data has recently introduced nCluster 4.6 and its ‘Data-Analytics Server’, which is, “specifically designed to enable organizations to cost effectively store and analyze massive volumes of data,” with the help of the richer and faster processing ‘in-database’ analytics engine that uses MapReduce, a technology developed by Google. The company has attracted biggies like MySpace, comScore, Barnes & Noble, ShareThis, and Akamai, helping them with deeper insights into their data.
The high growth potential and proven market leadership has reinforced the trust of its existing investors and new industry visionaries like David Cheriton, who previously backed high-growth companies like Google and VMware. With lots of money in its booty, Aster Data wants to accelerate growth, scale operations, and expand its global market share. We believe in today’s computing scenario, such investments are definitely rewarding. The company can move in almost any direction it wishes. Will Aster Data stick with data management, data analytics, or move into closely allied data and information sectors? We will be watching.
See our interview with the new senior manager of Aster Data in the ArnoldIT.com Search Wizards Speaks collection.
Harleena Singh, September 24, 2010
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
