Posted in: Databases, In this week's e-newsletter, Latest News & Views
Everybody’s watching the investment horizon for the hot new technology and if you follow the big boys money, it’s going to be the tools and applications that manage huge silos of company-stored data – Big Data.
Computerworld reports that, in recently months, top venture and growth capital firms have poured hundreds of millions of dollars into companies selling “big data” technologies. Venture capital firm Accel Partners has even established a $100 million fund to finance the early stages and growth of big data companies.
The result: Shares of companies that make big data tools have surged in recent months.
One big beneficiaries: Cloudera, which sells and supports a commercial version of the open-source Hadoop, that’s raised more than $75 million overall from investors.
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