Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
  • Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies

    November 16th, 2011 2 comments

    Accel Partners, the venture capital firm, has recently announced that it has managed to raise a big data fund of $100 million which the firm is going to invest in companies which are focusing on building new IT infrastructure or on applications which already use a new infrastructure. Accel Partners is a venture capital firm which is based in Palo Alto, Calif., which is the heart of the Silicon Valley’s venture capital community. This venture capital firm has previously invested in companies which turned out to be a great success on the market, such as Facebook, Dropbox, Cloudera and Etsy.

    This is how Accel Partners got around to finding out how big companies such as Facebook itself find themselves in the situation of having to exploit new technologies in order to be able to store and analyze the incredibly large amount of data they had to deal with in a more efficient manner. This is how they got to understand the increasing need of the market for new technologies which can easily adapt to the new virtual reality. This is how they got to know, by the means of Facebook, the open source project Hadoop, which is the company which helps Facebook process the billion of messages received on a daily basis. They have also gotten around to NoSQL database technology project, another of the companies who have provided help for Facebook. Accel Partners have such wise found about the need for new technologies, but they have also found out about some of the companies which can provide this help and have thus taken the decision of financially supporting them as well as they are now aware of their importance on the market, especially as all of the very important and large Web companies, such as Google, Yahoo and Twitter, are using the services of these platforms in order to build and develop applications.

    Ping Li, one of the partners at Accel who has led the investments made by the firm in companies like Cloudera, which is one of the companies which commercializes the technology provided by Hadoop, has stated that this new fund of capital is going to be used for investments in two types of companies: the companies that build new infrastructure such as storage, security and management, and in the companies that build applications which use that infrastructure, such as business intelligence, collaboration, mobile and vertical applications. He also added the fact that these companies are going to span everything there is on the market, from enterprise to gaming, all of which are going to need new types of data-intensive platforms. He has also mentioned the fact that these investments are going to be made globally.

    It is quite a common fact that, in the previous 30 years, legacy data platforms, including relational databases, led to the emergence of important companies such as Oracle, SAP and Symantec. Li has also added that the big data is going to usher in a new era of multi-billion software companies. The money for this fund comes from the company’s already existing funds, so this is not a new dollop of cash. In order to discuss the new technologies used in this sector and the trends which can now be seen on the market, Accel Partners intend to host a “big data” conference in spring 2012.


2 responses to “Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies” RSS icon

  • Wonderful paintings! That is the type of info that are supposed to be shared across the net. Shame on the search engines for not positioning this publish upper! Come on over and consult with my web site . Thanks =)

  • You can certainly see your skills in the paintings you write. The world hopes for more passionate writers like you who aren’t afraid to mention how they believe. All the time follow your heart.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 267,436 bad guys.


Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round

Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.

Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects

Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding

Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies

Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains

Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster

Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


By using this website you agree with our cookie policy