Cloud based value add to traditional data warehouse
Cloud-based data warehouse company Treasure Data officially opened its doors this week with $1.5 million in funding that includes an investment from Yukihiro “Matz” Matsumoto – the creator of the Ruby programming language.
The other investors include angel investor Bill Tai; Naren Gupta of Nexus Venture and a director with Red Hat and TIBCO, as well as the people behind Gluster and Heroku. Gluster sold to Red Hat last year and Heroku is now part of Salesforce.com.
Treasure Data has developed a service that brings high-end analysis to the business or business unit that has traditionally not had the resources to afford a solutions from companies like IBM, Oracle or Teradata. Founder and CEO Hiro Yoshikawa says the total cost of ownership for a data warehouse suite from one of the enterprise players can cost as much as $5 million. In contrast, Treasure Data is a subscription service that, at the…
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