Algebraix Data Raises $7.5M for Unstructured Analytics Technology

San Diego analytics startup Algebraix Data , which moved its headquarters to San Diego from Austin, TX, at the end of 2009, has raised about $7.5 million in a combination of debt, securities, and rights to acquire securities, according to a regulatory filing this week.

As I reported in 2009, Algebraix has developed analytics software that works with unstructured databases, eliminating a time-consuming and laborious process. By applying advanced algebraic algorithms and parallel processing, Algebraix says its software can monitor users' query patterns, and it adaptively restructures the data. The company's advanced analytics is intended for use in business intelligence, data-mining, and decision support applications.

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