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Speedata emerges from stealth with $70M and groundbreaking chip technology to accelerate big data analytics processing

TechCrunch

Data centers are taking on ever-more specialized chips to handle different kinds of workloads, moving away from CPUs and adopting GPUs and other kinds of accelerators to handle more complex and resource-intensive computing demands. First, there is a $15 million seed round led by Viola and Pitango that dates from some time back.

Big Data 246
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Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets

TechCrunch

Israeli startup Firebolt has been taking on Google’s BigQuery, Snowflake and others with a cloud data warehouse solution that it claims can run analytics on large datasets cheaper and faster than its competitors. Another sign of its growth is a big hire that the company is making. billion valuation.

Analytics 218
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Marsh McLennan IT reorg lays foundation for gen AI

CIO

Paul Beswick, CIO of Marsh McLennan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Marsh McLellan IT reorg lays foundation for gen AI

CIO

Paul Beswick, CIO of Marsh McLellan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Hightouch raises $2.1M to help businesses get more value from their data warehouses

TechCrunch

At its core, Hightouch, which participated in Y Combinator’s Summer 2019 batch, aims to solve the customer data integration problems that many businesses today face. As businesses adopt data warehouses, they now have a central repository for all of their customer data. Image Credits: Hightouch.

Data 251
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SingleStore raises additional $36M to grow its database business

TechCrunch

SingleStore , a provider of databases for cloud and on-premises apps and analytical systems, today announced that it raised an additional $40 million, extending its Series F — which previously topped out at $82 million — to $116 million. The provider allows customers to run real-time transactions and analytics in a single database.

Storage 206
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Big Data Analytics: How It Works, Tools, and Real-Life Applications

Altexsoft

Big Data enjoys the hype around it and for a reason. But the understanding of the essence of Big Data and ways to analyze it is still blurred. This post will draw a full picture of what Big Data analytics is and how it works. Big Data and its main characteristics.