Big Data and the "Undisputed" Need for Data Processing
The process of taking a company from national to international is drawn out and tiresome but, if done correctly, can open up the company up to incredible new possibilities.
Xplenty, a big data processing platform, has announced the reception of $3 million in a round of Series A funding from Waarde Capital and existing seed investor Magma Venture Partners of Israel.
The new funding will allow Xplenty to expaand upon its current features and grow globally. In fact, Xplenty has announced they are expanding their analytic services from their home of Tel Aviv to the United States.To deliver results to its users the data processing platform leverages Apache Hadoop, an open source framework for storage and data processing, which allows companies to not only process data stored on the cloud as well as on-site but to also scale out their processing as they grow.
“While some write ‘big data’ off as a buzzword, the need for systems to handle increasingly larger amounts of data in a variety of formats is undisputed,” said Yaniv Mor, CEO and co-founder of Xplenty.
“Xplenty provides a focused, easy-to-use solution, solving the problem of data integration, processing, and preparation for analysis on Hadoop. We are making the ability to enable this increasingly popular technology accessible for everyone in an organization. It has proven a winning combination that we are eager to offer in the U.S.”