tech:

taffy

Hadapt Secures $9.5 Million Series A Funding

Hadapt, creator a big data platform that integrates Hadoop with structured data, has closed a $9.5 million Series A round of financing led by Norwest Venture Partners (NVP) and Bessemer Venture Partners. Matthew Howard, general partner at NVP, and Felda Hardymon, partner at Bessemer, have joined Hadapt’s Board of Directors.

With this capital investment, Hadapt plans to accelerate product development, scale operations, and expand market development for its software solution. In addition, the company is relocating to Cambridge.

Enabled by patent-pending technology first developed as research under co-founder and Yale professor Dr. Daniel Abadi, Hadapt is the only analytical platform currently available says the company that natively integrates Apache Hadoop and advanced database technology.

“Integrating the two technologies – Hadoop and parallel database systems – required a significant body of research into architectural considerations, new loading technologies, parallel processing, and even graph processing,” said Abadi, who also serves as Chief Scientist at Hadapt.

Matthew Howard (General partner, Norwest Venture Partners): The ability to seamlessly analyze both structured and unstructured data within a single system is an enormous pain point for enterprises.

Just in

Amazon to invest up to $4B in Anthropic

Amazon will invest up to $4 billion in Anthropic, and will acquire a minority ownership stake in the company. The two companies also announced a strategic agreement aimed at the development of generative artificial intelligence (AI) models.  

Mesh raises $22M

San Francisco, CA-based Mesh, a company working on simplifying digital asset transfers, crypto payments, and account aggregation, has raised $22 million in a Series A funding round.

Cisco to acquire Splunk for $28B

Cisco and Splunk have announced an agreement where Cisco will acquire Splunk for $157 per share in cash, summing up to approximately $28 billion in equity value.

DynamoFL raises $15.1M

San Francisco, CA-based DynamoFL, has raised $15.1 million in a Series A funding round.