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Big Data analytics has become perhaps the most essential tools for organizations in the Internet, eCommerce business, retail, banking, and insurance business that assists them with targeting the right audience with modified and customized solutions. Organizations utilizing analytics tools have seen critical enhancements in their conversions, sales and retention. More and more big data analytics startups are also coming up and offering innovative solutions.
However, simply overseeing big data is a challenge, not to mention getting value from that data by extricating valuable insight and utilizing data for developing an edge.
Demand for better approaches to oversee big data is powering the energy of an influx of big data analytics startups building up the next generation of database software and data management tools. Here are the top 10 big data analytics startups that are paving way for innovative solutions.
Samsara is a real-time open-source analytics platform. It offers real-time performance insights by processing and indexing terabytes of data. Further, it is designed for the cloud as well as on-premises. The company has a total valuation of USD 530 million with its recent funding being Series E of USD 300 million in 2019.
Terracotta is well-known for providing in-memory analytics. In-memory analytics, otherwise called streaming analytics, is getting increasingly more famous because of its capacity to process data in real-time, being grabbed by IoT devices. The US-based startup Terracotta creates in-memory data management solutions that empower organizations to deal with big data to improve application performance at scale.
Chennai and Singapore-based Big Data analytics startup Crayon Data was established in 2012. Crayon creates tools that provide real business solutions by uniting venture, public, external internet and social information to a single platform. Its flagship product 'Simpler Choices' brings the robustness of big data and analytics to companies that empower them with sales conversions. Until now, the firm has brought US$5.5 million up in angel funding and Spring Seed Capital.
Uptake is regarded as one of the big data and analytics unicorns. The company has built a platform that leverages data gathered from heavy machinery to make fruitful predictions. This helps companies to improve safety and performance. A 2017 report satiated its annual revenues at more than $100 million. Its current valuation is estimated to be at $2 billion.
Founded in 2010, Heckyl gives a real-time news and data analytic platform to financial investors, brokerage firms, fund managers and short-term traders. Its incorporated solutions give data, visuals, heat maps to help brokers discover the best trading opportunity in the market.
What different it does is that Heckyl gets a social media viewpoint to its platform. It is additionally intending to introduce a Big Data mining platform for financial foundations and the hedge funds. In December 2013, Heckyl got $3.5 million in a Series B round. The organization has workplaces in Mumbai and the UK.
4Paradigm is regarded as one of the largest Chinese AI unicorns. The company provides AI-fueled large-scale distributed data modeling platforms. It is now becoming a leader in enterprise-grade AI. In Jan 2021, the company raised USD 700 million Series D funding round. Nonetheless, the company crossed the mark of USD1 billion in 2018.
Demand forecasting takes into account numerous elements along with big data and analytics like well-qualified assessment, global market data, market research, other economic and social data. US-based Prevedere offers its demand planning solution which does demand forecasting for different economic pointers dependent on historical information, current market patterns, contributions from the sales group, and real-time economic data to evaluate every one of the stock tickers on NASDAQ for as far back as 20 years, alongside consumer price indices and oil prices.
Dataiku has recently garnered a lot of attention and hype because of its end-to-end machine learning-based data science platform. Its clientele has more than 300 customers, including large enterprises such as Unilever PLC, General Electric Co., etc. The company raised a $100 million round at a unicorn valuation recently and is now valued at more than $1 billion.
Singapore-based big data analytics startup Aureus Analytics offers an integrated big data analytics platform for companies to dispose of the need of having different tools for understanding the clients, risks to business and operational failures. Its platform ASAP (Aureus Statistical and Analytical Platform) is intended to be an integrated analytics platform that can work across different sorts of data stores.
Tel Aviv-based payment fraud prevention company Forter Inc. provides cloud-based fraud detection solutions for e-retailers. The company raised $125 million in a Series E funding in 2020, making the valuation of the company more than $1.3 billion. The company aims to grow and increase its footprint in the electronic trade ecosystem. By battling fraud, Forter is improving consumer security.
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