Metamarkets Raises $15m for 'Science-as-a-Service'

In the US, big data analytics specialist Metamarkets has announced the completion of a $15m second round of funding including current investors IA Ventures and True Ventures and led by new investor Khosla Ventures. This brings capital raised to date to $23m.

The company will use the money both to expand sales and marketing, and for further research and development of its analytics platform.

Vinod Khosla founder of Khosla Ventures, who will be joining the Metamarkets board as an adviser, comments: 'It is time to move closer to real-time exploration of Big Data rather than the 70's mode of batch processing.' Michael Driscoll, Metamarket's CEO added: 'We share Vinod's belief that the most transformative companies today depend on analyzing massive data streams. Yet data scientists are scarce. Our solution lets non-experts filter, analyze, and visualize Big Data to make it meaningful. This is data science-as-a-service.'

Web site: www.metamarkets.com .