SYS-CON MEDIA Authors: Liz McMillan, Carmen Gonzalez, Zakia Bouachraoui, Roger Strukhoff, David Linthicum

News Feed Item

Alpine Data Labs Raises $7.5 Million in Series A Funding Round

Leading Venture Capitalists Reward Market Potential for Big Data Predictive Analytics, Which Enable Key Insights From Massive Datasets

SAN MATEO, CA -- (Marketwire) -- 05/11/11 -- Alpine Data Labs, developer of the first solution for Big Data Predictive Insight, today announced that it has received $7.5 million in Series A funding. Emerging from 15 months of product development, the company also announced its 10th production customer and its entry into the US market. Investors include Sierra Ventures, a private venture capital firm managing nine partnerships with over $1.5 billion of committed capital; Mission Ventures, a venture capital firm with over 60 years' experience investing in early stage IT companies; and Sumitomo Corporation Equity Asia, the Asian arm of Sumitomo Corporation's Strategic Venture Investment. The funding will be used to help Alpine Data Labs increase staff in China and the United States and accelerate product development and sales.

"Companies cannot wring all the possible value from their data because the potential in their data is growing faster than they can analyze it, they don't have enough resources with analytics expertise, and the tools they're using are too complex to get to the answers they need quickly and effectively. But Alpine Data Labs takes these walls down, making it possible to use the power of Big Data to more accurately predict the future," said Alpine Data Labs CEO and Co-Founder Anderson Wong. "With this investment from smart investors that have built companies in the booming Big Data market, we're going to aggressively expand execution in China and USA, the two largest markets for predictive analytics."

Alpine Data Labs has designed and delivered the first solution for Big Data Predictive Insight. Declining storage costs have enabled the collection and storage of massive datasets, but these are useless without a reliable, cost-effective way to apply predictive analytics. Meanwhile, most data modeling solutions are prohibitively expensive to buy and maintain, leaving nuggets of insight hidden among mountains of data. Incubated within Greenplum, which was acquired by EMC in 2010, Alpine Data Labs has Big Data in its DNA. The company's solution is intuitive, affordable and optimized for fast experimentation, collaboration and an ability to work within the database itself -- in short, enabling customers to do incredible things by making it easy and inexpensive to find important insights hidden in massive datasets.

Alpine Data Labs' founders also have Big Data in their DNA as well as strong ties to China. CEO Wong co-founded the company in 2010 after serving as general manager at Greenplum responsible for that company's successful entry into China. He also served in a variety of management positions at IBM and Sun. CTO and co-founder Yi-Ling Chen has over 20 years' experience in IT and consulting, including serving as technical director of support and service for Greenplum in China. Alpine Data Labs' Board of Directors and Advisors includes Tim Guleri, Managing Director of Sierra Ventures; Leo Spiegel, Managing Partner at Mission Ventures; and Scott Yara, Vice President of Products in EMC's Data Computing Division and Co-Founder of Greenplum.

"Big Data requires a new breed of tool to deliver a new class of predictive insight," Guleri said. "Alpine Data Labs is addressing that need with the only cross-platform in-database solution: it's accurate, complete, more secure and blazing fast."

About Alpine Data Labs
Alpine Data Labs has developed the first solution for Big Data predictive insight, making it faster, easier and less complex to achieve predictive insights from the massive datasets companies can now collect and store due to declining storage costs. Incubated within Greenplum (acquired by EMC in 2010) and founded by an experienced team with strong ties to China, Alpine Data Labs has Big Data in its DNA. The company is based in Silicon Valley and is backed by Sierra Ventures, Mission Ventures, Sumitomo Corporation and Stanford University.

Contact:
David Oro
+1-707-558-8585
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
Kubernetes as a Container Platform is becoming a de facto for every enterprise. In my interactions with enterprises adopting container platform, I come across common questions: - How does application security work on this platform? What all do I need to secure? - How do I implement security in pipelines? - What about vulnerabilities discovered at a later point in time? - What are newer technologies like Istio Service Mesh bring to table?In this session, I will be addressing these commonly asked ...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
Blockchain has shifted from hype to reality across many industries including Financial Services, Supply Chain, Retail, Healthcare and Government. While traditional tech and crypto organizations are generally male dominated, women have embraced blockchain technology from its inception. This is no more evident than at companies where women occupy many of the blockchain roles and leadership positions. Join this panel to hear three women in blockchain share their experience and their POV on the futu...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
Cloud-Native thinking and Serverless Computing are now the norm in financial services, manufacturing, telco, healthcare, transportation, energy, media, entertainment, retail and other consumer industries, as well as the public sector. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that pro...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Docker and Kubernetes are key elements of modern cloud native deployment automations. After building your microservices, common practice is to create docker images and create YAML files to automate the deployment with Docker and Kubernetes. Writing these YAMLs, Dockerfile descriptors are really painful and error prone.Ballerina is a new cloud-native programing language which understands the architecture around it - the compiler is environment aware of microservices directly deployable into infra...