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10 hot Big Data startups to watch

Jeff Vance | June 13, 2013
Big Data startups are building viable products that target real-world pain points, and most of these Big Data new ventures are well-funded with solid management teams. Here are 10 Big Data startups to watch.

So, Xplenty stuck. Yes, they're more raw potential than giant killer at this stage, but their coding-free Hadoop Big Data service is simple, easy to use and affordable for even the mid-market.

Now, it's your turn. Vote for your favorite Big Data startups, and we'll rank the top 10 and crown an overall winner.

1. Cloudant

What they do: Provide Databases-as-a-Service.

Headquarters: Boston, Mass.

CEO: Derek Schoettle. Before Cloudant, he was vice president, CME Sales at Vertica Systems, which was acquired by HP in 2011.

Founded: 2008

Funding: Cloudant just closed a $12 million second round of funding in May. Devonshire Investors, Rackspace Hosting, and Toba Capital led the round, which included participation from current investors Avalon Ventures, In-Q-Tel, and Samsung Venture Investment Corporation. Cloudant has raised $16 million to date.

Why they're on this list: They finished first in Startup50.com voting, just upped their funding to $16 million and now claim more than 12,000 customers. According to Cloudant, the problem with databases is that if an application is successful, organizations often outgrow them. This is commonly referred to as the "App Store Effect." Even "scale-out" distributed databases and caches are limited by cluster hardware and partitioning schemes.

The Cloudant Database-as-a-Service (DBaaS) is a managed service purpose-built for data-driven Web and mobile application developers who want to handle Big Data workloads without ever having to deal with distributed database design, sharding, partitioning, backup, etc. Cloudant works by storing, analyzing, and distributing application data across a global network of data centers, delivering low-latency, highly available data layer performance, and pushing dynamic data closer to the edge.

Market Potential and Competitive Landscape:According to Market Research Media, the worldwide NoSQL market is expected to reach $3.4 billion by 2018, with a compound annual growth rate (CAGR) of 21 percent between 2013 and 2018. The NoSQL market is expected to generate $14 billion in revenues over the period 2013-2018.

Cloudant is rather uniquely positioned at the moment. While Oracle and MySQL have been available on AWS, there aren't that many NoSQL DBaaS offerings out there. Joyent rolled one out earlier this year, and AWS's DynamoDB is in beta.

Cloudant claims a customer base of more than 12,000 multi-tenant customers, including Samsung, DHL, Monsanto, Salesforce.com (Heroku), SourceFire, Hot Head Games, Flurry, AppAdvice, and LiveMocha.

2. Cloudera

What they do: Provide a Hadoop-based Big Data platform.

Headquarters: Palo Alto, Calif,

CEO: Mike Olson, who was formerly CEO of Sleepycat Software, an embedded database company that was acquired by Oracle in 2006. After the acquisition, Olson spent two years at Oracle as VP for Embedded Technologies.

Founded: 2008

Funding: Cloudera has raised $140 million in venture capital to date. Its investors include Accel Partners Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

 

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