Is human race getting dumber or smarter and with what pace, how many cars crossed a particular spot on road in last n years etc. Data will be infinite out there.
Bangalore based bioinformatics startup, InterpretOmics, has secured an Rs 10 crore angel funding from a group of investors.
Big data startup Minetta Brook Inc, DIY App Platform SnapLion and local grocery shop LocalBanya has raised funds from investors.
TA Associates, which manages $18 billion fund-size globally, has been selective while making investment in India, and typically it does one-two investments every year. The PE firm sees big data as sweet spot for investment as it is being hailed as the next big thing in the IT world.
The investment by Wipro in Axeda will give their customers the ability to benefit from Axeda’s rapid M2M application development and Wipro’s big data analytics capabilities.
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This acquisition will help 8KMiles build and expand on their cloud and big data security services and solutions, a company statement said.
Majikal by New Jersey based Bawaal Labs is a location aware, social mobile platform that lets you discover and explore events happening around you. It aims to redefine the social experience around events.
Venture Lab, which is Accion’s $10 mn seed fund, did not disclose the exact amount of investment but said that typically an investment ranges from $100,000- $500,000 in convertible debt or equity.
Wipro will own a minority stake in the company in exchange of a $30 million investment.
Times Internet Limited owned ecommerce website Hutk, which was positioned as a site for the Indian diaspora has shut down its operation.
The platform can be used to setup special offers for customers free of cost. Users can claim discounts created by businesses by sharing it with friends on social media.
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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.
Qubole, co-founded by Ashish Thusoo and Joydeep Sen Sarma, built and ran Facebook’s data service and scaled it to over 25 Petabytes of data with hundreds of users and tens of thousands of queries every day.
But does Big Data make sense when it comes to the small startup? First of all, you may not have that much data to analyze. Cost of ownership of a Big Data application may be another major deterrent.