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Big data analytics startup Adatao secures $13M

8/08/2014 by

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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.

This article has been extracted from http://www.bizjournals.com, please click on this link to read the article in full 
http://www.bizjournals.com/sanjose/news/2014/08/07/big-data-analytics-startup-adatao-secures-13m.html

Montash is a multi-award winning, global IT recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

Montash is a multi-award winning, global IT recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:
ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.
Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.
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