Ventana Research Analyst Perspectives

ParAccel Takes a Smart Path to Faster Analytics from Big Data

Posted by Ventana Research on Mar 28, 2013 10:47:33 AM

ParAccel is a well-funded big data startup, with $64 million invested in the firm so far. Only a few companies can top this level of startup funding, and most of them are service-based rather than product-based companies. Amazon has a 20 percent stake in the company and is making a big bet on the company’s technology to run its Redshift data warehouse in the cloud initiative. Microstrategy also uses ParAccel for it's cloud offering, but holds no equity in the company.

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Topics: Big Data, MicroStrategy, Office of Finance, Paraccel, Analytics, Cloud Computing, Uncategorized

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