(PR Web Via Acquire Media NewsEdge) New York, New York (PRWEB) February 27, 2013
JethroData, a Hadoop analytic database company, announced today it has closed a $4.5 million round led by Pitango Venture Capital.
Founded in 2012 by industry veterans Boaz Raufman, Ronen Ovadya and Eli Singer, JethroData revolutionizes the way companies make use of Big Data, by creating the first analytic database that runs natively on Hadoop, featuring full indexing and a columnar structure. It addresses both the need to store vast amounts of data and the need for lightning fast queries in a single system. The solution enables end-users to use any BI tool to interact with their Big Data in real-time.
“Big Data is a crucial part of many business decisions, but its relevance matters little when it takes too long to get an answer,” said Eli Singer, JethroData’s CEO. “Organizations that embark on Big Data projects quickly realize that they are forced to maintain a dual system with Hadoop as a raw data store and an analytic DB for faster queries, with duplicate maintenance and endless data replication. With JethroData, companies can use a single DB system and be able to query and explore data as fast as it arrives.”
“JethroData’s patent-pending technology is the first all-indexed DB that is built natively on Hadoop HDFS” said Boaz Raufman, CTO and Co-Founder. “As multi-structured data arrives, instead of being stored in a raw format, Jethro process it on the fly and ensures it is stored in a way that is optimized for big data analytics queries. Once stored, the data is immediately accessible through standard SQL and readily integrates with BI tools. The result is a DB that combines the scalability of Hadoop storage with the performance of an analytic DB, the fastest analytic DB to run natively on Hadoop”.
Rona Segev-Gal, General Partner at Pitango Venture Capital, who joins JethroData’s Board, said: “As the need for Big Data analytics evolves, it becomes clearer that the volumes of data and the real-time analysis requirements result in unique challenges that cannot be solved by current DBMS solutions. We are impressed by JethroData’s elegant solution and strongly believe in the team’s ability to build a trailblazing technology company.”
JethroData is currently expanding its team with open positions in engineering. For more information please contact jobs(at)jethrodata(dot)com
JethroData’s analytic database revolutionizes the way companies analyze Big Data, by introducing a database technology that addresses both the need to store vast amounts of raw data and the need for lightning fast queries. Running natively on Hadoop, JethroData enables organizations to use a single system that combines the scalability of Hadoop storage with the performance of an analytic DB. For more information, go to http://www.jethrodata.com
About Pitango Venture Capital
Pitango Venture Capital, the leading venture capital firm in Israel, has been investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1.6 Billion in committed capital invested in more than 150 companies to date, among them companies that have gone public or have been acquired. Pitango invests in high-growth companies in various stages, from seed and early stages to growth and late-stage, and supports them as they grow. Pitango’s investment focus includes: Communications; Networking & Storage; Wireless, Cellular and Mobile technologies; Enterprise Software, Internet and Media; Healthcare & Life Sciences, and Clean Technologies.