Big Data Fund Partnering With Thought Leaders
To effectively support Big Data entrepreneurs and foster community, the Big Data Fund is partnering with thought leaders throughout the industry to help drive innovation, including data scientists, software entrepreneurs/technologists and academic researchers. Along these lines, Accel Partners is organizing a Big Data Conference in Silicon Valley to occur in spring 2012. The Accel Big Data Fund is aligned with Cloudera to give Fund-backed companies access to Cloudera's industry and customer insights, as well as advice on developing applications on the Apache Hadoop platform. Accel will also collaborate closely with pioneering entrepreneurs and technologists in Big Data, who will lend their expertise as formal fund advisers. The advisors are Hadoop creator Doug Cutting; Gil Ebaz, founder and CEO of Factual; Jeff Hammerbacher, chief scientist at Cloudera; Jeff Heer, assistant professor of computer science at Stanford University; Hilary Mason, chief scientist at bit.ly; Jay Parikh, director of engineering at Facebook; and Kenny Van Zant, a member of the technical staff at Asana."Accel has laid a solid foundation for Big Data companies to get off the ground, including Couchbase, by providing crucial resources and taking an active role in operations, strategy, partnerships and recruiting," said Bob Wiederhold, president and CEO of Couchbase, in a statement. "With Accel's guidance and support, Couchbase has grown from a small open-source startup to the leading provider of NoSQL database technology, powering some of the world's largest Web applications, and thousands of others." Meanwhile, in its Nov. 7 news, Cloudera announced the close a $40 million Series D funding round led by Frank Artale of Ignition Partners and joined by existing investors Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel. To support aggressive growth and increased momentum in the marketplace, Cloudera will use the funds to further expand its marketing and sales operations, and support key strategic initiatives, the company said.
"The challenges facing enterprises as they struggle to capture, understand and use Big Data are enormous," Olson said in a statement. "The kind of high-speed innovation that can help meet those challenges demands the attention of smart, driven entrepreneurs with the resources they need to turn great ideas into products and services. We wholeheartedly support Accel Partners' commitment to providing the money, advice and relationships that can make that happen. We believe that the open-source Apache Hadoop community has built exactly the right platform to launch the next generation of great companies solving real business and social problems."