Skytree raises $18M from US Venture Partners and UPS to take on the big data analytics market

Skytree raises $18M from US Venture Partners and UPS to take on the big data analytics market

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 ‚Äúfuel an aggressive growth strategy,‚ÄĚ with hopes of ‚Äúdisrupting¬†the Big Data Analytics market with enterprise-ready Machine Learning.‚ÄĚ Jargon and buzzword-filled¬†goals aside, there‚Äôs 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 ‚Äúthe machine learning company,‚Ä̬†Skytree¬†claims to have a ‚Äústriking performance advantage‚ÄĚ over its competitors.¬†CEO¬†Martin Hack details that¬†Skytree‚Äôs next steps involve growing its ‚Äúengineering and sales efforts in response to the expanding demand‚ÄĚ for its Skytree Server¬†product.

Skytree launched in February 2012, and also counts Javelin Venture Partners and Osage University Partners as investors.

Photography by Emma Weber

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