Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Concurrent Secure $10 Million for Making Big Data Easier

byEileen McNulty
June 5, 2014
in News
Home News

Concurrent, a company aiming to simplify data management on the Hadoop framework, has secured $10 million in funding. The round was lead by Bain Capital Ventures, with Rembrandt Ventures and True Ventures also participating. Concurrent founder Chris Wensel is the mastermind behind the Cascading framework that simplifies storing and processing data on Hadoop, by abstracting away the complexities of running conventional MapReduce jobs.

There has been alot of market interest recently in technologies which simplify the process of data storage and management, and make big data technologies easier to use. This is something which Concurrent chief executive, Gary Nakamura, is well aware of: “There’s ton of innovation around this notion of data and how to crete data products that end users will consume,” he stated.

Using Hadoop typically requires special training; training which can prove exceptionally valuable, given Hadoop’s broad remit of applications. But Concurrent works to provide greater ease of access to Hadoop, and makes it easier to write applications.

Products targeted at augmenting the Hadoop experience are doing well across the board. Trifacta, aiming to clean up data in Hadoop, had a $25 million round of funding at the end of May; Splice Machine, aiming to give real-time capabilities to Hadoop, announced a $15 million funding round in February. Hadoop-on-Premium services such as Cloudera and Hortonworks also continue to draw in serious investment.

Although Concurrent has less than 10 paying customers to date, it’s first commercial product Driven (which manages Cascading apps) only came out four months ago, and they’re tapping into a market of an estimated 7,000 Cascading users. Concurrent has raised $14.95 million to date; clearly the investors see promise in the idea of making Big Data technology more accessible and easier to use.

Read more here.
(Photo credit: Paraflyer)
Follow @DataconomyMedia


Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!

[mc4wp_form]

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

Tags: FundingHadoop

Related Posts

Xiaomi to launch 17, 17 Pro, and 17 Pro Max series in China on September 25

Xiaomi to launch 17, 17 Pro, and 17 Pro Max series in China on September 25

September 23, 2025
Next-gen PCIe 8.0 standard promises 1TB/s bandwidth for AI and quantum workloads

Next-gen PCIe 8.0 standard promises 1TB/s bandwidth for AI and quantum workloads

September 23, 2025
Nvidia Drive AGX Thor to power robotaxi project

Nvidia Drive AGX Thor to power robotaxi project

September 23, 2025
Poll: Half of Taiwan fears TSMC becoming US-SMC

Poll: Half of Taiwan fears TSMC becoming US-SMC

September 23, 2025
From Pilot to Policy: RYT Gathers Global Leaders at TOKEN2049

From Pilot to Policy: RYT Gathers Global Leaders at TOKEN2049

September 23, 2025
Nvidia and OpenAI announce landmark 0 billion partnership, igniting global stock rally

Nvidia and OpenAI announce landmark $100 billion partnership, igniting global stock rally

September 23, 2025
Please login to join discussion

LATEST NEWS

Xiaomi to launch 17, 17 Pro, and 17 Pro Max series in China on September 25

Next-gen PCIe 8.0 standard promises 1TB/s bandwidth for AI and quantum workloads

Nvidia Drive AGX Thor to power robotaxi project

Poll: Half of Taiwan fears TSMC becoming US-SMC

From Pilot to Policy: RYT Gathers Global Leaders at TOKEN2049

Nvidia and OpenAI announce landmark $100 billion partnership, igniting global stock rally

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.