Big data predictive analytics provider Alpine Data Labs secures large capital boost; enters U.S. market
Information Management Online, May 12, 2011 , Valerie Valentine
May 12, 2011 - Big data predictive analytics developer Alpine Data Labs got a $7.5 million funding boost this week, at the same time as it announced entry to the market after 15 months of product development of the Big Data Predictive Insight solution.
The San Mateo, Calif. startup aims to use big data to more accurately predict events, according to the company news release. Alpine claims 10 customers so far, and its Series A investors include Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia.
Alpine Data Labs CEO Anderson Wong indicated in the release that with this investment, they plan to aggressively expand execution in the U.S. and into China, which they see as the two largest markets for predictive analytics. The funding will be used to help Alpine Data Labs increase staff and accelerate product development and sales.