Accel Partners, a global venture capital firm, has launched the $100m Big Data Fund 2.
The fund will support early and growth stage equity companies that are using the technology platforms built in the first wave of big data startups, to create Data Driven Software (DDS) designed to help the workforce (e.g. HR recruiters, sales representatives, IT managers, business analysts) make smarter decisions through deeper insights.
The firm, which has added Anthony Deighton, CTO of QlikTech Inc. and Shlomo Kramer, CEO of Imperva to the Big Data Fund Advisory Council), has already funded a number of companies building innovative data infrastructure platforms and DDS such as Cloudera, Couchbase, Lookout, Nimble Storage, Opower, Prismatic, QlikTech Inc., RelateIQ, Sumo Logic, and Trifacta.
The Big Data Funds are managed by Accel Partners globally. The firm will also collaborate closely with pioneering entrepreneurs and technologists in big data who will lend their expertise as formal fund advisors:
– Doug Cutting (Apache Hadoop),
– Anthony Deighton (Qlik Technologies),
– Gil Ebaz (Factual),
– Jeff Hammerbacher (Cloudera),
– Jeff Heer (Stanford),
– Shlomo Kramer (Imperva),
– Hilary Mason (Bit.ly),
– Jay Parikh (Facebook),
– Anand Rajaram (Cambrian Ventures),
– Frank Slootman (ServiceNow) and
– Kenny Van Zant (Asana).
Accel Partner’s Big Data team has also published “The Last Mile in Big Data: How DataDriven Software Will Empower the Intelligent Enterprise”, a whitepaper that explores the evolution of software and detailed analysis on why DDS will be a driving force for the next wave of innovation in software. Download the whitepaper here.