Accel invests 100 million dollars to meet the second wave of big data

The technology industry has been focused on the concept of "big data" for some time now. But in the view of Accel, a venture capital firm, the big data field is not only far from over, but it will enter a new stage of development.

TC News, Accel announced that it would build a 100 million dollar large data investment fund: Big Fund 2. The fund was the same amount as the first large data investment fund established by Accel in November 2011.

As part of the investment, Accel Qlik's CTO Anthony Deighton and Imperva's CEO Shlomo Kramer to the large Data Investment Advisory board (big, Fund Advisory), Provide guidance for future investment and entrepreneurship in this field.

Although the name has barely changed, Accel's big Data Fund 2 will shift in focus. One partner Jack Flomenberg said: "Over the past few years, our focus has been on three V of large data, produced (species), Volume (capacity) and velocity (speed), but we think there is a 4th V, the value of the user, This has not attracted enough attention. So big Data Fund 2 will focus more on this.

Specifically, Accel that the "last kilometer" of large data will be implemented by companies focused on data-driven software (Data-driven software, DDS). Flomenberg that the first wave of big data has already solved hardware and infrastructure problems, and then there is software innovation.

Facebook's vice president of engineering, Jay Parikh, is also a member of the Big Data Advisory board, his explanation for the "last mile" is that the last kilometer of big data will be built on a new set of software applications that enable users to derive real value from the data they create. Today's entrepreneurs can innovate at the top of the technological development, providing users with a personalized and valuable product and analysis experience that they have never seen before.

Flombenberg also mentions a DDS start-up company focused on the 4th V: Relateiq. The "next-generation Relationship management" software company was quietly set up last week and received about 29 million dollars in investment from Accel and other companies.

Accel's current large data company portfolio also includes Cloudera,couchbase,lookout,nimble, Storage,opower,prismatic,qlik View,sumo Logic and Trifacta.

(Responsible editor: The good of the Legacy)