Big data developer sqrrl has received seed funding from early stage investor Atlas Venture and venture capital firm Matrix Partners, enabling the company to “aggressively hire” to meet the rising demand for its products and fuel the release of an enterprise version of Apache Accumulo that extends the core technology.
Following the deal, Chris Lynch of Atlas and Antonio Rodriguez of Matrix will join the company’s board of directors.
“The sqrrl team is an awesome group of people that knows Big Data and knows security,” said Lynch. “Their impressive experience, technical strength, and the maturity of Accumulo will help solve a number of core problems in the Big Data ecosystem. I am excited to introduce them to the vibrant Massachusetts Big Data community as my first venture capital investment.”
“Everyone wants to bring all of their data together to drive key insights, but because of security, privacy, legal, policy, regulatory, and/or compliance constraints this simply hasn’t been possible,” added Oren Falkowitz, co-founder and CEO of sqrrl. “sqrrl frees users to fully utilize all of the data available to them. By enabling companies to access and make sense of data at massive scale extremely quickly, data can now really drive decisions.”
sqrrl’s core engineering team members architected and developed Apache Accumulo within the National Security Agency (NSA) and have focused on extending it ever since its release at the end of 2011 as an open source project within the Apache Software Foundation.
“If we are going to deliver on the promise of the ‘big’ in big data, the 80 per cent of the Fortune 500 that is currently experimenting with solutions that don’t scale, are insecure, and bring 20 year-old ways to access and manipulate data to middling data sets need a better alternative,” said Rodriguez at Matrix, “What better foundation is there than a battle-tested piece of technology that has been used to reach petabytes of scale inside the government for years? Only Google can scale to this level.”
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