Adatao Inc., a Sunnyvale Big Data analytics firm, raised $13 million to expand its team and continue product development.
The Series A financing was led by Andreessen Horowitz with participation from Lightspeed Venture Partners and Bloomberg Beta. As part of the deal, Andreessen Horowitz's Peter Levine will join the board and firm co-founder Marc Andreessen will become a board adviser.
By weaving together machine learning, natural language processing and in-memory computing, the company developed a system that gets results quickly from queries in English or in one of several computer languages. It created two products: pInsights, or the "beauty layer," that lets business analysts and data scientists easily interact with their data to make predictions, and pAnalytics, or the "power layer," that lets data scientists and data engineers sift through big and complex amounts of data in seconds.
"Adatao is the missing puzzle piece that bridges the gap between Big Data 1.0 of the past 5 years, and Big Data 2.0 going forward, with the arrival of 'Big Compute' capabilities," CEO Christopher Nguyen wrote in a company blog post.
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