Skytree, a San Jose-based startup focused on helping businesses understand big data, has raised an $18 million series A round led by U.S. Venture Partners (USVP), UPS and former Sun Microsystems CEO Scott McNealy.
These funds will be used to “fuel an aggressive growth strategy,” with hopes of “disrupting the Big Data Analytics market with enterprise-ready Machine Learning.” Jargon and buzzword-filled goals aside, there’s no doubt that processing greater and greater amounts of data will become increasingly important for the enterprise, and Skytree seems quite confident in its position to dominate this sector.
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Touting itself as “the machine learning company,” Skytree claims to have a “striking performance advantage” over its competitors. CEO Martin Hack details that Skytree’s next steps involve growing its “engineering and sales efforts in response to the expanding demand” for its Skytree Server product.
Skytree launched in February 2012, and also counts Javelin Venture Partners and Osage University Partners as investors.
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