|By Business Wire||
|February 14, 2013 01:33 PM EST||
HStreaming, the creator of in-time Big Data analytics technology, has announced a funding round led by Atlas Venture. HStreaming’s award-winning technology is solving some of the hardest problems involving low-latency Big Data for various industries including government, telcos, adtech, and finance. It offers a unique analytics platform that continuously analyzes data in real time and renders it actionable, so that companies can respond to information in time.
“This software platform is a new category of fully-integrated analytics that will redefine how we interact with Big Data. It allows for in-time analytics and in-time translation of analytics into monetize-able action. HStreaming truly stands out from the Big Data crowd and we are excited to be their partner and investor,” says Christopher Lynch, a partner at Atlas Venture and former CEO of Big Data company Vertica Systems (now part of HP).
“Chris brings great operating experience and a shared vision about how Big Data can be used to make an impact on our lives. We are committed to giving unprecedented visibility and the tools necessary to take action on data as it comes in fast and furious,” said Jana Uhlig, co-founder and CEO of HStreaming.
The Power of In-Time Big Data Processing
Big Data is coming at such speed and volume, that in many applications it is no longer possible to first store and then look for insights later. It is way too late to learn about a network outage, forest fire or customer attrition an hour later. Companies need to know and act on information as it is happening or, better, predict it before it happens. This is what HStreaming does: analyze Big Data in real time, as it is still in flight, and make it actionable.
Airports deploy hundreds of surveillance cameras, but identifying a threat is like finding a needle in a haystack. The challenge is how to effectively analyze data feeds across the many installed video cameras, then combine and enrich it with more information sources, to bring accurate intelligence in real-time without false alerts.
“When somebody enters a secure area in an airport, it may not be enough to trigger an investigation since the person may simply be lost. However, when you look for behavioral patterns of that particular person as he moved through the airport, and combine it with other data sources such as facial recognition all in real time, you can get an accurate model to identify whether it is a threat at that very moment,” says Jana Uhlig. “This is true not only for airport security, but for mission-critical business applications as well. Deriving real-time intelligence from Big Data is a key component in capturing its value.”
Companies are being swamped by data that is generated by sensors, cameras, network switches, and equipment of which many are installed in remote locations with poor connectivity. While these sensors often emit information on continuous basis, most of the information never makes it to a datacenter for analysis and thus the value of the data is lost. HStreaming’s platform integrates all equipment with the datacenter into a single fabric that automatically chooses the optimal location for processing, whether on the edge or in a datacenter. The multi-layer analysis is happening in real time and brings unparalleled visibility into data that was underutilized before. That allows companies to gain unprecedented agility to their operations.
HStreaming brings continuous real-time analytics to Big Data. The technology enables smart collection, analysis and visualization of massive data continuously as it gets generated. Powered by Hadoop and compatible with all Hadoop distributions, HStreaming’s patented technology provides both real-time and batch analytics in a single platform. It processes both structured and unstructured data including text, video and sensor data. It analyzes and stores data where it is generated, in the data center or geographically distributed systems, and provides automated and actionable analysis in milliseconds. For more information, visit www.hstreaming.com.
About Atlas Venture
Atlas Venture is an early-stage venture capital firm that invests in technology and life sciences companies. Since inception in 1980, Atlas Venture have helped build over 350 companies in more than 16 different countries. Atlas Venture is currently investing from its eighth fund and manages $2 billion in committed capital. For more information, please visit www.atlasventure.com.
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