|By PR Newswire||
|November 8, 2011 08:02 AM EST||
NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Accel Partners, the global venture capital firm, has announced the launch of its Big Data Fund, a new $100m investment initiative created to identify innovative entrepreneurs seeking to build category-defining companies at every layer of the Big Data stack. Accel's Big Data Fund aims to fund transformative companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services, including data analytics, vertical applications, mobile, and many more. Accel Partners will manage its Big Data Fund across global offices in U.S., London, China and India.
"Big Data consistently drives innovation across our existing portfolio companies today and with the Big Data Fund we are empowering a new set of entrepreneurs to be able to catch this wave. As Big Data platforms such as Hadoop and others continue to gain rapid adoption and become more mainstream, we are seeing an exciting wave of next generation business applications emerge. These new applications - whether they address business intelligence or mobile or collaboration - will harness Big Data to deliver unique value and business insight to enterprises and end users. Big Data is the future of IT and we believe Big Data will drive the next-generation of multi-billion dollar software companies," said Ping Li of Accel Partners. "Vendors that effectively pave the way for Big Data to be leveraged for ever-evolving business use cases, such as Cloudera - the leader in Apache Hadoop-based software and services and an Accel-backed company - will determine the winners in this next wave of cloud computing."
Enterprises and IT departments are dealing with unprecedented volume, variety and velocity of data and are looking for new ways to efficiently store, manage and extract value for their businesses. Newly proliferating unstructured and semi-structured data types are reshaping traditional data platforms and technologies, leading to a radical shift in the relational database era and the applications born from it. Accel's Big Data Fund will bring the most innovative and thoughtful entrepreneurs into this hot ecosystem of companies helping to address the opportunities around Big Data with new technologies and through collaboration with other industry leaders like Cloudera.
"Next generation Big Data technology innovation will be pervasive and cut across all layers of the Big Data 'stack' - from hardware components like SSDs, to data organization and management solutions like Hadoop and NoSQL, to applications including analytics, business intelligence and collaboration," said Benjamin S. Woo, program vice president, storage systems and lead analyst, Big Data, at IDC. "Big Data is creating a lasting revolution in data centers across all vertical markets, paving the way for a new set of applications to be built on new Big Data platforms rather than legacy relational databases."
To effectively support Big Data entrepreneurs and foster community, the Big Data Fund is partnering with thought leaders throughout the industry to help drive innovation, including data scientists, software entrepreneurs/technologists and academic researchers. Along these lines, Accel Partners is organizing a Big Data Conference in Silicon Valley to occur in Spring 2012. This will be a full-day conference on the latest Big Data technology trends and applications, including talks and networking sessions with influential Big Data experts.
The Accel Big Data Fund is aligned with Cloudera, the company leading innovation in Hadoop, to give Fund-backed companies access to Cloudera's industry and customer insights, as well as advice on developing applications on the Apache Hadoop platform.
"The challenges facing enterprises as they struggle to capture, understand and use Big Data are enormous," said Mike Olson, CEO of Cloudera. "The kind of high-speed innovation that can help meet those challenges demands the attention of smart, driven entrepreneurs with the resources they need to turn great ideas into products and services. We wholeheartedly support Accel Partners' commitment to providing the money, advice and relationships that can make that happen. We believe that the open source Apache Hadoop community has built exactly the right platform to launch the next generation of great companies solving real business and social problems."
"Accel has laid a solid foundation for Big Data companies to get off the ground, including Couchbase, by providing crucial resources and taking an active role in operations, strategy, partnerships and recruiting," said Bob Wiederhold, President and CEO at Couchbase. "With Accel's guidance and support, Couchbase has grown from a small open-source startup to the leading provider of NoSQL database technology, powering some of the world's largest web applications, and thousands of others."
Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, New York City, London, New Delhi and Bangalore, as well as in China via its partnership with IDG-Accel. Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including Actuate, AdMob, Agile Software, Alfresco, AMCC, Arrowpoint, Atlassian, BBN, Brightcove, Check24, ComScore, Etsy, Facebook, Foundry Networks, Gameforge, GlamMedia, Groupon, Imperva, Infinera, Interwoven, IronPlanet, JBoss, Kayak, Macromedia, metroPCS, OPOWER, Polycom/PictureTel, Playfish, Portal Software, QlikTech, Quidsi (Diapers.com), Rapt, Real Networks, Redback Networks, Responsys, Riverbed, SupportSoft, UUNet, Veritas, Walmart.com, Webroot, Wily Technology, Wonga, XenSource and Zimbra. For more information, please visit the Accel Partners web site at www.accel.com find us on Facebook at www.facebook.com/accel.
SOURCE Accel Partners
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 22, 2017 03:15 PM EST Reads: 1,682
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Jan. 22, 2017 02:30 PM EST Reads: 3,750
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jan. 22, 2017 02:00 PM EST Reads: 5,804
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Jan. 22, 2017 02:00 PM EST Reads: 5,282
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 22, 2017 01:45 PM EST Reads: 3,218
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Jan. 22, 2017 01:00 PM EST Reads: 4,385
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
Jan. 22, 2017 12:45 PM EST Reads: 1,681
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Jan. 22, 2017 11:45 AM EST Reads: 2,967
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Jan. 22, 2017 11:30 AM EST Reads: 3,720
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 22, 2017 09:30 AM EST Reads: 4,762
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Jan. 22, 2017 09:30 AM EST Reads: 3,018
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
Jan. 22, 2017 08:30 AM EST Reads: 5,003
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
Jan. 22, 2017 08:30 AM EST Reads: 971
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Jan. 22, 2017 07:15 AM EST Reads: 1,974
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Jan. 22, 2017 03:45 AM EST Reads: 5,070
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Jan. 22, 2017 02:30 AM EST Reads: 2,911
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Ca...
Jan. 22, 2017 02:30 AM EST Reads: 7,915
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Jan. 22, 2017 02:00 AM EST Reads: 11,761
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
Jan. 22, 2017 01:45 AM EST Reads: 6,591
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Jan. 22, 2017 01:15 AM EST Reads: 4,200