Apr
21
2018
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BigID lands in the right place at the right time with GDPR

Every startup needs a little skill and a little luck. BigID, a NYC-based data governance solution has been blessed with both. The company, which helps customers identify sensitive data in big data stores, launched at just about the same time that the EU announced the GDPR data privacy regulations. Today, the company is having trouble keeping up with the business.

While you can’t discount that timing element, you have to have a product that actually solves a problem and BigID appears to meet that criteria. “This how the market is changing by having and demanding more technology-based controls over how data is being used,” company CEO and co-founder Dimitri Sirota told TechCrunch.

Sirota’s company enables customers to identify the most sensitive data from among vast stores of data. In fact, he says some customers have hundreds of millions of users, but their unique advantage is having built the solution more recently. That provides a modern architecture that can scale to meet these big data requirements, while identifying the data that requires your attention in a way that legacy systems just aren’t prepared to do.

“When we first started talking about this [in 2016] people didn’t grok it. They didn’t understand why you would need a privacy-centric approach. Even after 2016 when GDPR passed, most people didn’t see this. [Today] we are seeing a secular change. The assets they collect are valuable, but also incredibly toxic,” he said. It is the responsibility of the data owner to identify and protect the personal data under their purview under the GDPR rules, and that creates a data double-edged sword because you don’t want to be fined for failing to comply.

GDPR is a set of data privacy regulations that are set to take effect in the European Union at the end of May. Companies have to comply with these rules or could face stiff fines. The thing is GDPR could be just the beginning. The company is seeing similar data privacy regulations in Canada, Australia, China and Japan. Something akin go this could also be coming to the United States after Facebook CEO, Mark Zuckerberg appeared before Congress earlier this month. At the very least we could see state-level privacy laws in the US, Sirota said.

Sirota says there are challenges getting funded as a NYC startup because there hadn’t been a strong big enterprise ecosystem in place until recently, but that’s changing. “Starting an enterprise company in New York is challenging. Ed Sim from Boldstart [A New York City early stage VC firm that invests in enterprise startups] has helped educate through investment and partnerships. More challenging, but it’s reaching a new level now,” he said.

The company launched in 2016 and has raised $16.1 million to date. It scored the bulk of that in a $14 million round at the end of January. Just this week at the RSAC Sandbox competition at the RSA Conference in San Francisco, BigID was named the Most Innovative Startup in a big recognition of the work they are doing around GDPR.

Mar
09
2018
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InfoSum’s first product touts decentralized big data insights

 Nick Halstead’s new startup, InfoSum, is launching its first product today — moving one step closer to his founding vision of a data platform that can help businesses and organizations unlock insights from big data silos without compromising user privacy, data security or data protection law. So a pretty high bar then. Read More

Aug
31
2017
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Facebook to open source LogDevice for storing logs from distributed data centers

 Facebook is planning to open source LogDevice, the company’s custom-built solution for storing logs collected from distributed data centers. The company made the announcement as part of its Scale conference. Read More

Aug
29
2017
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Salesforce is using AI to democratize SQL so anyone can query databases in natural language

 SQL is about as easy as it gets in the world of programming, and yet its learning curve is still steep enough to prevent many people from interacting with relational databases. Salesforce’s AI research team took it upon itself to explore how machine learning might be able to open doors for those without knowledge of SQL. Read More

Apr
28
2017
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Data management startup Rubrik confirms $180M round at a $1.3B valuation

Data flying over group of laptops to illustrate data integration/sharing. Rubrik, a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week noting that the company was raising between $150 million and $200 million. Read More

Apr
25
2017
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Backup service Rubrik now works natively in AWS and Azure

Data flying over group of laptops to illustrate data integration/sharing. Rubrik, the startup that provides data management services like backup and recovery to large enterprises, is in the process of raising between $150 million and $200 million on a valuation of $1 billion, as we reported yesterday. And as a measure of how it’s growing, today it’s announcing an expansion of its product set, specifically in cloud services.
Now Rubrik — which… Read More

Apr
24
2017
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Data management startup Rubrik is raising up to $200M on a $1B valuation

 Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according to sources. TechCrunch first learned of the new fundraise via… Read More

Jan
18
2017
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Collibra nabs $50M at reported $650M valuation led by ICONIQ

big data words Data governance and management startup Collibra — originally founded in Belgium but now based out of New York to help businesses in sectors like finance and healthcare to manage and comply with data retention policies — has raised $50 million in its latest round of funding. The company is not disclosing the valuation, but we heard that it is in the region of $650 million (which is… Read More

Nov
30
2016
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Amazon will truck your massive piles of data to the cloud with an 18-wheeler

img_20161130_103941 Meet AWS Snowmobile, a tractor-trailer for when your big data is just too damn big. The truck houses a container that can store up to 100 petabytes of data. Real-life data hoarders can contract Amazon to move exabytes of data to the cloud using the new tricked-out trucks. Snowmobile attaches directly to your data center with power and network fibre to move critical information to AWS,… Read More

Mar
31
2016
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Microsoft now lets developers embed Power BI visualizations into their own apps

O92A3357 Power BI is Microsoft’s tool for analyzing data and building interactive data-based dashboards and reports. At its Build developer conference in San Francisco, the company today announced the preview of Power BI Embedded. With this, developers will be able to integrate Power BI and its interactive dashboards right into their own apps. Read More

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