With the growth in popularity of Big Data on the scene, it is no surprise that venture capitalists are now turning their attention to the field. Existing companies are realizing the value of the data ore they possess. Many new companies are starting out with Big Data as a focal point. These companies capture various types of data with the intent of mining it and making a profit. Like any mining mission, the extrapolation of the desired data is where the focus lies. While companies are seeing more value in their data, they may not have the needed knowledge or funds to develop ways of getting those desired nuggets with the size and complexity of Big Data. Here is where investors come into play, and here are some of the most active investors in Big Data.
The Data Collective
One player in the game is the Data Collective, who is comprised of partners that are already seasoned in the field. At the helm of this group are Zachary Bogue and Matt Ocko. Zack has experience as an entrepreneur and as an advisor for big data startups. Matt has a lengthy list of venture capital investments with heavy technology and data foci. Their current portfolio is extensive, and some of their past investments include Facebook, Zynga, and Square.
Lightspeed Venture Partners
Lightspeed Venture Partners is another group that invests in multiple areas. And included in that list is of course Big Data. One of the group’s managing directors, Ravi Mhatre, expressed his enthusiasm about the growth of Big Data startups. He said, We’re talking an industry today that’s probably $20 [billion] to $30 billion that I think, overnight, is going to be replaced by a completely new set of platforms.” With that outlook on the future there is no wonder they are focusing on the beginning stages of business development. Coming in on the ground floor of a business’ growth is definitely a profitable move for investors looking at growing areas like Big Data.
Yet another investor in Big Data is Accel Partners. Accel has amassed and launched a $100 million fund that is solely dedicated to Big Data. They are seeking out Big Data opportunities to invest in. Showing further interest in Big Data, they have even added to their team to utilize this fund in the best ways possible. Jake Flomenberg comes to them from Splunk with good insight on Big Data. With such a large fund, it is clear that they are not new on the scene. They are noted as being one of the earliest investors in Facebook.