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Google Ventures, Andreessen Horowitz help seed ClearStory Data

20 Mar 2012

Google Ventures and Andreessen Horowitz were among seed investors in big data exploration company ClearStory Data.

Khosla Ventures and several business angels also invested in the California-based company, which attempts to bring dispersed data together from multiple corporate sources and the web.

Google Ventures partner Karim Faris said, “The big data market is a large and a fast growing opportunity where the key challenge will be the ability for businesses to leverage publicly available data on the web and bring it together with a company’s own internal data seamlessly.

“ClearStory has the team, expertise and experience in data to create a solution that can combine public with private data to extract new and interesting insights for businesses.”

Individual investors included Benchmark Capital founder and Wealthfront CEO Andy Rachleff, and Rockmelt co-founder Tim Howes.

ClearStory CEO and founder Sharmila Shahani-Mulligan said, “In 2011, the global output of data increased 62 percent, yet there’s a massive shortage in the number of qualified data professionals to process this data.

“ClearStory Data is ushering in the era of ‘self-driven big data exploration’ by making it easier for the masses and not just data scientists and quants to connect, explore and glean intuitive insights from data derived from multiple sources.”

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