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“Above the Trend Line” – Your Industry Rumor Central for 3/21/2016

Above the Trend Line: machine learning industry rumor central, is a recurring feature of insideBIGDATA. In this column, we present a variety of short time-critical news items such as people movements, funding news, financial results, industry alignments, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz. Our intent is to provide our readers a one-stop source of late-breaking news to help keep you abreast of this fast-paced ecosystem. We’re working hard on your behalf with our extensive vendor network to give you all the latest happenings. Heard of something yourself? Tell us! Just e-mail me at: daniel@insidebigdata.com.  Be sure to Tweet Above the Trend Line articles using the hashtag: #abovethetrendline.

We just learned that Tectonic, a premier big data analytics provider renowned for its “Insight2Action” methodology, revealed that the company is providing services for Google’s new Cloud Dataproc. “Cloud Dataproc and Tectonic’s offerings provide a very similar business structure, focused on minimizing cost and complexity,” stated Blair Linville, Tectonic’s Founder and CEO. “We’re looking forward to working with current and new clients on the expansion of Google Cloud Platform services that allows everyone involved to spend less time on technologies and more time on the development and output of business outcomes through data and insights.” … Seemingly coming from out of nowhere, a new company that launched last Spring has arisen in record time to the highest corner of the new Forrester MDM Wave. Reltio hit #1 in strategy, and ever-so-slightly #2 (beside Informatica) in the lineup of overall offerings. This Forrester Wave addresses the way data management is evolving as well as core issues Reltio addresses (for example, reliable data). Even with this meteoric rise and ranking, MDM remains a single element of Reltio’s “platform as a service” as it fulfills a much greater vision and purpose— data-driven applications …  BI and analytics software vendor, Yellowfin, has launched the latest version of its BI platform, Yellowfin 7.2 with new technical capabilities in three core areas, including: (1) The Business Analytics Workflow: The Business Analytics Workflow introduces a new framework to facilitate superior collaboration between data analysts and business users within the BI platform; (2) API connectors: Yellowfin 7.2 ships with an open connector framework, enabling users to connect to, visualize and act on data from any third-party Web-based application; (3) Forecasting: Improved forecasting and trend analysis extend the breadth of Yellowfin’s predictive capabilities, facilitating better, faster data analysis … UK-based Massive Analytic Limited, an artificial intelligence pioneer, has been awarded a contract with the Ministry of Defense (MOD) through the Defense Science and Technology Laboratory’s Center for Defense Enterprise (CDE) to develop technologies for “autonomy and big data in defense”. The contract was won as part of the largest ever competition run by CDE. It called for a proof-of-concept research proposal for innovative component technologies and techniques to acquire, process, analyze and visualize data to support decision making by both humans and autonomous systems … More funding news comes from M-Files Corporation, a provider of solutions that leverage a unique new metadata-based approach to dramatically improve how businesses manage documents and other information, announced a $36 million round of Series B funding led by Partech Ventures, with participation from Finnish Industry Investment and Draper Esprit … In more funding news, NoSQL database provider Couchbase, stated it has secured $30 million in a series F round of funding led by Sorenson Capital with current investors participating in the round, including Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners and West Summit. This capital will be used to accelerate sales, and expand technical support and engineering investments as Couchbase extends its leadership as a standard operational database for Digital Economy businesses … Even more funding news has Arterys Inc., a privately-held company dedicated to deep learning in medical imaging, accouncing the final close of its Series A financing, bringing the total Series A funding to over $12 million. GE Ventures, the Stanford-StartX Fund (which was co-founded by the StartX accelerator, Stanford University and Stanford Health Care) and Norwich Ventures join Emergent Medical Partners who led the round, with additional participation by existing investors Asset Management Ventures, AME Cloud Ventures and Morado Ventures. Arterys plans to use the proceeds to expand the commercial operations of the company’s visualization and quantification algorithm for medical imaging … Also getting in on the funding craze is Crate Technology, a distributed SQL database for containerized architectures, announced that it has received a $4M investment led by Dawn Capital and joined by existing investors Sunstone Capital, DFJ Esprit and Speedinvest. Solomon Hykes, creator of the Docker project, also participated in the round … Farmers Edge™, a global leader in precision agriculture and independent data management solutions, just revealed a collaboration with The Weather Company, an IBM Business (NYSE: IBM). Under the terms of the deal, Farmers Edge has integrated hyper-local forecasts from Weather’s superior Forecasts on Demand (FoD) weather forecasting engine into its field-centric approach to predictive modeling. This enhancement of real-time meteorological data analytics is another step towards the digitization of agriculture, an industry in the midst of a radical transformation … We heard that PHEMI, the company delivering privacy, security, and governance with enterprise-grade management for big data, announced the launch of a streamlined, low-cost of entry big data cloud solution for the healthcare industry, in partnership with ClearDATA. PHEMI Central in the cloud provides healthcare and life science organizations a means to quickly and cost-effectively store, manage, protect, and share data used for analytics in a wide variety of clinical, operational, and genomics settings. PHEMI Central in ClearDATA’s cloud combines a HIPAA-compliant cloud platform with data-centric security, privacy, and governance features purpose-built to allow healthcare organizations to both protect Personally Identifiable Information (PII) and share data for research and discovery … In another industry alignment, Angoss Software Corporation signaled it has partnered with Datawatch Corporation (NASDAQ-CM: DWCH) to provide business users with access to self-service data preparation tools and powerful advanced analytics that unlock the valuable intelligence found in Big Data sources. More than 300 leading companies, including many of the world’s top financial, insurance, telecom, retail, high-tech and healthcare organizations, rely on Angoss’ predictive analytics solutions to improve performance across risk, marketing and sales … Versium, a leading data technology company that delivers automated data technology solutions to marketing agencies and enterprises, today announced the Predictive List Builder, an extension of Versium’s predictive marketing suite of services. The Predictive List Builder service, available at Datafinder.com, allows marketing professionals to build highly targeted, highly qualified prospect lists for multi-channel campaigns based on projected conversion rates from Versium’s predictive, machine learning-based models.

 

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