Zoomdata says the investment will be used to hire additional engineers and establish a new office in Silicon Valley. The Virginia-based firm develops an analytics system that handles big data for businesses. It covers multiple data streams and produces real-time interactive visuals to produce the findings. The software is compatible with desktops and iPads.
“We are bringing the power of big data analytics to the 99%–the non-data geeks of the world, who are thirsting for a simple, intuitive, and collaborate way to leverage the power of big data. Instead of requiring top-down data modeling and ETL, Zoomdata builds a corporate ‘data quilt’ from the grass roots up,” said Zoomdata CEO Justin Langseth. “We also empower a new class of ‘data artists’ to create fundamentally new ways to represent data, that can then trigger viral loops of adoption of visual analytics across an organization.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
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.