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Big Data, IoT, AI, Machine Learning, Data Science and FinTech news.

Text Analytics Startup Luminoso Grabs $6.5 Million In Series A Funding
News

Luminoso, a US-based text analytics startup, announced on Tuesday $6.5 million in Series A funding. The round was led by Acadia Woods, with participation from Digital Garage also. Luminoso grew out of MIT’s Media Lab and has developed artificial intelligence software that promises to help companies understand and derive meaning

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Data Center Provider Involta Raises $50 Million In Private Equity
News

Involta, a data center provider based in Iowa, announced on Tuesday that it has raised $50 million in private equity. The round was led by M/C Partners, with participation from Morgan Stanley. The company’s president, Bruce Lehrman, said that the money will be used to support its growth throughout the

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Big Data Proving To Be A Real Challenge For Data Scientists
Data ScienceNews

In a recent survey conducted by Paradigm4, a computational database company, it was revealed that big data was proving to be a challenge for data scientists – but not because of the amount, or volume, of data being produced, but rather the variety and diverse types of data these professionals

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Ibm'S Chef Watson: Using Data To Delight Your Tastebuds
News

IBM’s Watson has garnered considerable attention since the computer first appeared in Jeopardy! in 2011. Indeed, Watson has made progress in all industry verticals – from helping with cancer care and research, to assisting wealth management professionals analyze their customer’s financial situations. In a short space of time, this supercomputer

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Turning Big Data Into Defence Strategies- The D2D Crc Launces
Big DataNews

Today sees the launch of the Data to Decisions Cooperative Research Centre (D2D CRC) in Australia. The $88m centre will be headquartered in South Australia, and will collate and analyse vast swathes of data gathered from Australia’s Defence and National Security agencies, with the hope of allowing them to make

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Databricks Raises $33 Million And Introduces Cloud Platform For Processing Big Data
News

Databricks, a start up that builds software around the popular open-source project Apache Spark, announced on Monday at this year’s Spark Summit in San Francisco that it has raised $33 million in Series B funding. The announcement also included the launch of a new cloud computing service on Amazon Web

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Kony, Inc. Selects Tibco Jaspersoft For Cloud-Based Analytics And Reporting
News

Palo Alto, CA, July 1, 2014 – TIBCO Software Inc. (NASDAQ: TIBX) today announced that Kony, Inc., a leading enterprise mobility company, is using TIBCO Jaspersoft® for Amazon Web Services to achieve embedded analytics within its mobile platform. Jaspersoft®, the “Intelligence Inside” applications and business processes, is used by Kony and

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Mapr Announce $110 Million Funding To Heat Up Hadoop Market
News

When you think about premium Hadoop distributors, two names might spring to mind- Cloudera and Hortonworks. But MapR are determined to make this market a three-horse race. The company has raised $110 million in a new funding round — $80 million in equity, $30 million in debt. Google Capital and

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Google Capital Backs Mapr, Affirms Hadoop Commitment
NewsTechnology & IT

In the past few months, Hadoop vendors Hortonworks and Cloudera have seen big funding rounds, with many commentators suggesting that MapR was falling behind. Today, however, it was announced that MapR has raised $110 million in combined equity and debt financing. The majority of the funding — $80 million –

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Datastax Unveils Datastax Enterprise 4.5
News

Press Release- At today’s Spark Summit 2014, DataStax, the leading distributed database management system that delivers Apache Cassandra to the enterprise, announced the general availability of DataStax Enterprise 4.5 (DSE 4.5). DSE 4.5 delivers blazing performance and is now even easier to develop against, deploy and operate. With this release,

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