|[September 29, 2011]
Karmasphere Secures Funding to Accelerate Big Data Analytics on Hadoop
CUPERTINO, Calif. --(Business Wire)--
a leader in Big Data Intelligence, today announced it has secured $6
million in a Series B round of funding, led by new investor Presidio
Ventures. Also participating in the round are existing investors Hummer
Winblad and US
Venture Partners. Total investment in Karmasphere, since it was
launched in 2010, is now $11 million.
Karmasphere provides software for data and business analysts to mine and
discover insights from Big Data on Hadoop. Hadoop is used to house the
massive amounts of unstructured, interactional data being generated by
web logs, machine-to-machine communications, mobile devices, video,
social media and sensors. By using Karmasphere to analyze this Big Data,
companies can gain competitive dvantage by discovering ideas for new
products, improving customer service and optimizing operations.
"Shun Aramaki, who led the investment in Karmasphere, brings with him a
wealth of Big Data market expertise," said Gail Ennis, CEO, Karmasphere.
"Shun and his colleagues at Presidio Ventures will be a great asset to
"Big Data is becoming ever more important for enterprise companies,"
said Shun Aramaki, partner, Presidio Ventures. "Karmasphere provides the
critical bridge between the business needs for competitive intelligence
and the Big Data infrastructure on Hadoop."
Karmasphere will use the capital from its Round B funding to accelerate
its product roadmap and fuel company growth through continued expansion
of sales and marketing initiatives.
Karmasphere products: http://karmasphere.com/Products-Information/overview.html
Apache Hadoop: http://hadoop.apache.org/
Karmasphere provides software products for data analysts and
professionals so that they can unlock the power of Big Data in Hadoop,
opening up a whole new world of possibilities to add value to the
business. Karmasphere equips analysts with the ability to discover new
patterns, relationships, and drivers in any kind of data - unstructured,
semi-structured or structured - that were not possible to find before.
Karmasphere delivers the premier Big Data workspace for data
professionals to mine and analyze web, mobile, sensor and social media
data in any Hadoop distribution. Analysts, and the developers that
support them, use Karmasphere products to transform their business,
identifying opportunities for new products and services and areas for
business optimization and cost reduction. Learn more at http://www.karmasphere.com
Note: Karmasphere, Karmasphere Big Data Analytics Engine and
Karmasphere Studio are trademarks of Karmasphere. All other trademarks
are property of their respective owners.
Big Data, Apache Hadoop, Venture Capital, Presidio Ventures, Hummer
Winblad, US Venture Partners
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