The firm describes its product as being different from rivals because it sends real-time notifications. This enables businesses to make faster decisions based upon data analysis and click-through rates. The Californian company raised USD750,000 in seed funding last year and claims its platform is fault tolerant and design scalable.
“DataTorrent is at the forefront of the next wave of solutions that will empower companies to use Big Data in innovative and exciting ways,” said David Hornick, a partner with August Capital. “We are investing in DataTorrent as we expect it will open up new and easier possibilities for businesses looking for comprehensive, real-time Big Data solutions.”
“We’re on the verge of a tectonic shift between just knowing about what’s going on and being able to act on it,” said Phu Hoang, co-founder and CEO of DataTorrent. “Not only does DataTorrent offer companies working on Big Data a way to know what’s happening with their business in real-time, but we enable them to act on it in real-time as well. We are pleased to be leading this shift in the industry.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.