Big Data company DataWeave has raised an undisclosed amount of seed funding from Blume Ventures, TLabs (Times Internet), 5ideas Startup Superfuel, Meta Studio Advisors and a group of angels.
Rajan Anandan, the Managing Director of Google India, Pankaj Jain of 500Startups, Amex executive Bharathram Thothadri, Capillary Technologies Co-Founder Krishna Mehra and Abhishek Gupta are the angels who have invested in the company.
DataWeave is in the business of aggregating unstructured and noisy data from a large number of sources on the web and presenting it to businesses in readily usable forms. On top of data sets, they build APIs, visualizations, and analytics.
The company said it aggregates and processes more than 100GB a day, serving around 500 million data points. PriceWeave, their first major product providers competitive intelligence for eRetailers, brands, and manufacturers. The platform is built on large amount of product data to provide features such as pricing opportunities, assortment intelligence, gaps in catalogs, reporting and analytics, and tracking promotions and product launches.
DataWeave is building similar offerings for telecom, travel, and real estate verticals.
Some of their existing customers include Rediff, Indiatimes Shopping, Puma, eBay, PlayGroundOnline, UrbanJourney, Jabong, OfficeYes, Paytm, Freecharge and Zigwheels.
The company was founded in 2011 and was part of the TLabs accelerator program.