More funding rounds, announcements and big data articles this week — and it’s just as good as ever! The week started off with a pretty big announcement as Hazlecast picked up $11 Million in funding, spearheaded by Earlybird Venture Capital. The funding stories poured in throughout the week as we leant that Code Climate scooped up $2 million, Radius $54.7 million, and Numerify $15M. Perhaps the biggest funding story of the week, however, was Context Relevant, which secured $13.5 million in Series B-1 funding from Goldman Sachs and Bank of America only 4 months after receiving $21 million.
In other news, we learnt that data breaches are on a rise this year, that Europe is catching up on its utilisation of Big Data and that 50% of our search queries will be on speech or images according to Andrew Ng. In sum, a busy week! Hope you enjoy our selection below of top stories around Big Data.
TOP DATACONOMY ARTICLES
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“Data management isn’t really analogous to anything, given its size, scope, complexity, and the different systems and departments involved. Data management is like data management, and that’s pretty much it. When you ask most industry technology strategists what the big fuss with data management is about, they invariably respond with something to the effect of “companies must leverage data in order to be better informed for decision support, which will lead to higher profitability.” That’s why they are strategists and not CEOs; they can’t speak English coherently.”
“At some point in the near future BI analysis will simply be another routine aspect of the job for business professionals looking to maximize the use of what will be viewed as a standard resource.”
TOP DATACONOMY NEWS
“In five years, we think 50 percent of queries will be on speech or images,” Ng told a packed audience at the Gigaom meetup, on his area of expertise, deep learning.
Udacity’s Bid to “Democratize Education” Gets $35m Strong Impetus, Attracts Industry Attention with “Nanodegrees”
Online educational startup (and one of our Top 10 big data online learning resources) Udacity has closed a financing round of $35 million with investors worldwide, such as Drive Capital leading the round.
Open source in-memory powerhouse Gridgain have unveiled their latest innovation for real-time insights; the Gridgain In-Memory Data Fabric. The technology accomodates high-performance transaction, real-time streaming and lightning-fast analytics to help enterprises get the answers they need when they need them.
Upcoming Big Data Events
The Singapore University of Technology and Design (SUTD), established in collaboration with the Massachusetts Institute of Technology (MIT), is looking to further expand the existing faculty for its Information Systems Technology and Design (ISTD) pillar for the 2014-15 academic year. Candidates with expertise in the areas of cyber security, algorithms and big data are encouraged to apply. Applicants must have a PhD in Computer Science, Computer Engineering or a related area, and must have a record of outstanding research in the specific areas mentioned above. All applications will be reviewed for tenure track or tenure appointments. Event details can be found here.
The fifth annual Splunk Worldwide Users’ Conference will feature more than 70 customer presentations, including Autodesk, British Sky Broadcasting Group, Cars.com, Cisco, Duke University, Expedia, The Hershey Company, Los Alamos National Laboratory and Tableau. These Splunk customers will take a deep dive into their data adventures to show how they leverage Splunk software for Operational Intelligence to directly impact the success of their organizations. Click here for a full list of .conf2014 sessions and register for .conf2014.
(Image Credit: Colleen Galvin)