Concurrent Raises Seed Round

Big data is certainly the new buzzword of the day.  At True, we believe the trend is very real and it is hard to argue with the actual numbers.  Last year, digital data created surpassed one zettabyte, five times the number from four years earlier, which itself was three million times the amount of information in all the books ever written.

As a result, we have seen a lot of innovation and investment in the data center at the storage, database, and around new technologies like Hadoop to accommodate the exploding data growth.  We think a new equally important category will also emerge around data processing and management in order to give context to these growing volumes of data.

To that end, we are thrilled to be investors along side Insik Rhee at Rembrandt and other prominent angels, in Chris Wensel and his startup, Concurrent, that is helping to define and lead this category.  Chris is truly a big data expert, having built massively scalable systems in the past, and as the author of the popular open source project, Cascading.  Cascading is a data processing API that is used by such companies as Twitter, Amazon, Etsy, and Backtype, and that will serve as the basis for several other exciting products down the road.

Chris – we welcome you to the True family!

You can see the funding announcement on GigaOm here.