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.

So. Much. Tech.

Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.

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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