Secured funding
Sparql City, a big data analysis startup, has raised USD10m in funding led by Garnett & Helfrich Capital. Sparql City has been developing its software since 2011, and recently made an open source version available for download.
A final launch date is yet to be announced. The product is designed for leveraging databases and enabling users to query data. The technology runs across multiple servers, with each forming an automatic collaboration. It is supported by plug-ins, meaning partnering firms are able to add their own customisations.
The technology is still under developmentSome but basic information is available on Sparql City’s website. According to CEO Barry Zane, the company has built its initial product, dubbed Sparql Base, which lets anyone query data, whether or not they have programming experience.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
