Peaxy Secures Series B Close
(Thomson Reuters ONE) -
Investment Highlights Cross-Industry Need for Better Access to Large-Scale
Engineering and Life Science Data Sets
SAN JOSE, Calif., Sept. 30, 2015 (GLOBE NEWSWIRE) -- Peaxy, Inc.
(www.peaxy.net), a software provider that enables data access and supports
advanced analytics across the enterprise, today announced it has closed $15
million in Series B funding. The investment, which was made by a number of
luminaries including Federico Faggin, brings the total investment in Peaxy to
$32 million since it was founded in 2012.
"Enterprises are discovering that data access is vital to enabling greater
productivity, innovation and new business models. Companies in a variety of
industries such as aviation, automotive, genomics and energy stand to benefit
greatly by addressing the fundamental data access challenges they all face,"
said Manuel Terranova, President and CEO of Peaxy. "This funding provides
additional resources to expand our platform features and commercial efforts into
a wider range of industrial and life sciences customers," said Francesco
Lacapra, CTO and VP Engineering.
Peaxy software makes it possible for enterprises to find, mine, manage and reuse
the growing volume of data assets that enterprises generate. Customers today
use various tools including Hadoop to extract additional value from their data.
Peaxy software ensures they have a way to trace back to the original
information. "This is one way we enable new data-centric business models for our
customers, such as predictive maintenance and accelerated drug discovery," said
Terranova.
According to Svetlana Sicular, Research Director at Gartner, "Many organizations
are at the point where they figured out how to get the data in Hadoop, but not
how to get the data out and derive value from it. These companies are cracking
under the pressure of rapidly increasing amounts of unprocessed data*."
Peaxy software consolidates data across data types and infrastructures,
supported by patented technology that ensures long-term uninterrupted access to
data assets.
About Hyperfiler
The Hyperfiler provides a large-scale software-defined architecture that
consolidates data across types and infrastructures. Comprehensive, easy-to-use
data services-including search, security and data management-enable frictionless
access to data. The Hyperfiler saves time by enabling information reuse and
advanced analytics. Unique patented technology in the system's unified namespace
assigns and retains permanent file pathnames that span applications and storage
types to ensure uninterrupted access to data assets, even across file migrations
and technology refresh cycles.
Find more information about the Hyperfiler at www.peaxy.net.
About Peaxy
Peaxy, Inc. was founded in 2012 and is dedicated to addressing challenges
imposed by the unprecedented growth in unstructured and structured data and
demand for data insights to drive growth, innovation and business
transformation. The Peaxy team includes award-winning software professionals
with numerous accomplishments in infrastructure software development.
*Gartner, Architecture Options for Big Data Analytics on Hadoop, Svetlana
Sicular, 01 July 2015
Press Contact
Michael Burke; Jon Lavietes
MSR Communications
(415) 989 9000
peaxy(at)msrcommunications.com
Peaxy and Hyperfiler are registered trademarks of Peaxy, Inc.
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Peaxy, Inc. via GlobeNewswire
[HUG#1955907]
Unternehmensinformation / Kurzprofil:
Datum: 01.10.2015 - 00:09 Uhr
Sprache: Deutsch
News-ID 423906
Anzahl Zeichen: 4373
contact information:
Town:
San Jose, CA
Kategorie:
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