SOURCE: Metamarkets


April 26, 2012 10:07 ET

Metamarkets Raises $15 Million to Deliver Data Science-as-a-Service

Khosla Ventures Leads Funding Round to Fuel Growth of Big Data Pioneer

SAN FRANCISCO, CA--(Marketwire - Apr 26, 2012) - Metamarkets, a leader in Big Data analytics, announced today the completion of a $15 million round of funding led by new investor Khosla Ventures. Current investors IA Ventures and True Ventures also participated in the round. This represents the company's second round of funding, bringing total capital raised to date to $23 million. Metamarkets also announced that Vinod Khosla, one of the preeminent investors in disruptive technologies and founder of Khosla Ventures, will join Metamarkets as an advisor. Metamarkets is using the funding to expand sales and marketing efforts as well as to deepen development of the company's leading edge analytics platform.

"Hadoop as a batch system is so last generation. It is time to move closer to real-time exploration of Big Data rather than the 70's mode of batch processing," said Vinod Khosla.

"We share Vinod's belief that the most transformative companies today depend on analyzing massive data streams," said Michael Driscoll, Metamarket's CEO. "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."

About Metamarkets

Metamarkets is pioneering a new approach to big data analytics -- data science-as-a-service. With Metamarkets, business users can dramatically increase revenue, improve user engagement and enhance operational awareness. The company's leading edge analytics platform delivers real-time insight into large-scale data streams, and its intuitive web and mobile application facilitates visual and interactive discovery. Customers get up and running quickly and scale easily with Metamarkets' cloud deployment model.

Contact Information

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    Lisa Sheeran
    Sheeran Communication