Metanautix gets $7 million in initial funding
Metanautix has received $7 million in initial funding from Sequioa Capital, the Stanford University Endowment Fund and Shiva Shivakumar, a former VP of engineering at Google. The company plans to release its first product for general availability before the end of 2014. At present, there are half a dozen beta customers using the software, with the largest being Hewlett-Packard.
The Metanautix software can be installed on-premise or run via the cloud, depending on the preference of the user. Using the software, business departments like the sales or marketing teams, will be able to access data that they would not be able to see, otherwise. The software essentially converts the data into an SQL table, allowing its users to use machine-learning algorithms to analyze the data.
The startup is co-founded by CEO Theo Vassilakis, the lead engineer for Google's Dremel project, and Apostolos Lerios, a senior software engineer at Facebook.
"We are not a storage system, you just need to refer to whatever data you want to analyze and we will analyze it.", according to Vassilakis.