Date: Mon, 03 Apr 2000 23:43:16 -0400
From: Gregory Piatetsky-Shapiro gps
Subject: digimine Founded to Offer Next Generation eCommerce Analytics
Company Creates High Enthusiasm Among Top Internet Angel Investors
SEATTLE, April 3 /PRNewswire/ -- digiMine.com(TM) today announced its intent to deliver high-impact analytics solutions focused on the growing needs of eCommerce companies. The company also announced the closing of its first round of funding with investments from several notable executives and top internet technology angel investment funds.
``We are excited by the vision and focus of the company and founding team,'' states Pete Higgins of Second Avenue Partners, former group VP at Microsoft and key advisor to digiMine. ``Ironically, as transaction levels in eCommerce explode, companies know less and less about their customers. The digiMine team has the experience and know-how to harness the power of that data and usher in a new generation of data-enabled marketing and business intelligence applications.'' In addition to Second Avenue and notable individual angel investors, other investment funds in this round include Silicon Valley Angels, Deutsche Bank Technology Fund, Cedar Grove Investments and Kellett Investments, among others.
``It's no secret that data warehousing and data mining applications have been really difficult and expensive to build and manage,'' says digiMine co-founder and CEO Usama Fayyad, world-renowned leader and pioneer in data mining. ``We're out to change that. We're making it easier, faster and better, and we'll remove the burden from the customer by delivering solutions with a model that keeps it affordable and convenient.'' Fayyad formerly headed the Data Mining & Exploration (DMX) group at Microsoft and led development efforts to embed data mining in upcoming releases of SQL Server 2000 and Commerce Server 4.0.
Copyright © 2000 KDnuggets. Subscribe to KDnuggets News!