Accel Partners announced the launch of a $100 million fund for investments in big data companies, at the Hadoop World conference in New York.
Accel’s Big Data Fund aims to fund transformative early stage and growth companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services – i.e. data analytics, business intelligence, collaboration, mobile, and vertical applications, among others.
Statement from Accel Partners: We believe the future multi-billion software companies will be emerge from the Big Data ecosystem.
The Big Data Fund will be managed by Accel Partners globally. Accel will also collaborate closely with entrepreneurs and technologists in Big Data who will lend their expertise as formal fund advisors – Doug Cutting (Apache Hadoop), Gil Ebaz (Factual), Jeff Hammerbacher (Cloudera), Jeff Heer (Stanford), Hilary Mason (Bit.ly), Jay Parikh (Facebook) and Kenny Van Zant (Solarwinds).