| |
Investments for Three Analytics Firms
More money has been pouring into companies expanding in the analytics space, including big data and social media specialists. Two US firms, analytics advisory service IIA and big data start-up BitYota receive $1m and $12m respectively, and European start-up Teleportd $1m for its Nitrogram photo analytics product.
IIA (The International Institute for Analytics), co-founded by Thomas H. Davenport and dedicated to advising clients on how to build and manage their analytics programs, closed $1million in a combination of equity investments and debt financing from KeyBank. The funding - led by Portland, Oregon-based serial entrepreneur and angel investor Irving J. Levin, will be used to expand research, sales and online commerce capabilities.
Boston-based media industry veteran Steve Woit also participated in the round and will join IIA's Board of Directors.
Teleportd, whose co-founders are Stanford alumni Gabriel Hubert & Stanislas Polu, won its $1m in seed funding from investment firms Betaworks and Connect Ventures, plus angel investors. Originally based around provision of a real-time photo search engine, the firm will now build its Instagram analytics product Nitrogram into its main line of business.
Officially a UK company but with main offices in Paris, Teleportd aims to help clients exploit the potential of photos on social media - this includes embedding curated Instagram photo galleries in their web sites and Facebook pages.
BitYota's $12m in seed and Series A funding comes from investors including Andreessen Horowitz, Globespan Capital and Yahoo! founder Jerry Yang. The company offers data-warehouse-as-a-service for big gata analytics, running initially on Amazon, and claims to 'free Big Data from the shackles of Big Costs and Big Headaches' - it boasts one-click data integration, 'fast analytics at scale' and access via existing popular business intelligence tools and dashboards. With Amazon announcing Redshift, its own 'data warehouse in the cloud' offering this week, BitYota may bring forward plans to expand the service to other public clouds.
BitYota employs fifteen people at present and was founded last year by a team including European Space Agency rocket scientist Soren Riise; former Oracle and Informix lead database architect Harmeek Bedi; and Dev Patel, now CEO, who at Yahoo! worked on big data technology Hadoop.
Web sites are at www.iianalytics.com , www.teleportd.com and www.bityota.com .
|
