• Venture Capital
  • Experfy Editor
  • JUL 26, 2014

Big Data Funding Rounds (July 26, 2014): Privacy Analytics, Quantifind, Synapsify, Hortonworks

Privacy Analytics, an Ottawa based Analytics Company that helps maintain the anonymity of personal data, arranged $3.5 million seed funding in a round led by Vanedge Capital on July 21.

The company helps health companies, consumer internet, and financial industries attain privacy of personal data. They ensure that the content is absolutely de-identified before exposing it to the researchers or the analytics companies in a legal way.

Privacy Analytics works with North Americas’ largest companies of health, insurance, research and pharmaceutical sectors and is known to de-identify more than 100 million records.

Quantifind, a market analytics platform has bagged $12 million on July 22. The round was led by Comcast Ventures and Iris Capital, with participation from existing investors: AME Cloud Ventures, Redpoint Ventures and US Venture Partners.

Found in 2009 by Stanford physicists, Quantifind aims to correlate social activity with real consumer actions, analysing metrics that directly help in predicting revenue. By performing analytics on financial data as well as online consumer interactions, they pinpoint actions that can be taken to generate more profit.

The company has a high profile and well-known clientele that includes CPG, retail, automotive, QSR, telecom, besides other industries.

Synapsify, the MD based text analytics start-up, has managed to attract $850,000 in venture funding on July 23. The investors involved were Middleland Capital, Ingram Content Group, ICG Ventures and Maryland Venture Fund.

Found in 2012, Synapsify focuses on content discovery and analytics on all forms of written text. It provides a way to prioritize the content apart from analysing and managing it, using a novel software based on emotional intelligence that extracts information even from sound, metaphor and narrative. With its unique approach, it already has five permanent customers, including Emoderation and Liveworld.

Along with the funding announcement, Synapsis launched the new web-based “virtual analyst” that will be able to deliver all the services that the company provides, online. Apart from scrutinizing the data online, it will also be able to recommend significant texts for deeper insights. Thus, the result would not just reflect positive or negative feedback but identify the reason for the same, according to the cofounder Stephen Candelmo.

Hortonworks, one of the leading commercial vendors of Apache Hadoop has announced of raising a whopping $50 million in a series D funding on July 24. The round was led by Tenaya Capital and Dragoneer Investment Group. Existing investors like Benchmark Capital, Index Ventures and Yahoo also participated.

Found in 2011, Hortonworks Data Platform, powered by Apache Hadoop, provides open source platform for deploying big data solutions. Along with Apache, Hortonworks is working towards a more robust Hadoop framework which will be easier to manage.

The funding will be utilized in the direction of growth and development of Hadoop distribution.

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