Big Data Application Company Continuuity Raises $10 Million
Continuuity is a big data platform company that has raised $10 million in Series A funding led by Battery Ventures and Ignition Partners. Andreessen Horowitz, Data Collective and Amplify Partners also participated in this round of funding. Continuuity now has a total of $12.5 million in total funding. Continuuity was co-founded by former engineers at Microsoft, Yahoo!, and Facebook. The company recently came out of stealth mode to launch their big data app hosting platform called AppFabric. AppFabric uses Hadoop to enable developers to deploy and scale big data apps.
The Continuuity Developer Suite has an SDK, development tools, and a single-node version of the Continuuity AppFabric to create applications quickly. One of their largest customers is Payvment and they do data mining for them. Continuuity will be using the funding for product development and hiring.
“With the surge of Big Data over the past few years, it’s no surprise companies are striving to derive value from the ever growing amount of data. New kinds of Big Data applications that are able to pull meaning from data at scale will enable them to do this,” stated Ignition Partners founding partner Cameron Myhrvold. “Continuuity is making it possible for the existing legions of competent developers to invent and deploy such apps.@amitchowdhry or on Google+ at +AmitChowdhry