|By Marketwired .||
|February 4, 2014 08:00 PM EST||
MENLO PARK, CA -- (Marketwired) -- 02/04/14 -- Peter Relan, ex-Oracle executive and founder of Studio 9+ accelerator today announced that OneFold has completed its seed round of $400,000 in funding from Studio 9+ and a pool of angel investors. Majority of the angel investment came from the Studio 9+ Syndicate on AngelList. OneFold, a mobile and wearable data focused analytics and visualization platform expects to use the seed funding to build out its product.
Cloud-Based DHQL Platform
OneFold is focused on analyzing data generated by mobile usage and wearables. OneFold uses a new architecture based on its proprietary cloud-based "DHQL" platform. It leverages recent inflections in the price of storage and massively parallel cloud computing to deliver deep analytical insights to organizations publishing mobile, mWeb, and wearable apps. The DHQL platform is a complete re-architecture of the analytics technology stack from data extraction to visualization. It requires no IT resources from organizations deploying it and no data scientist resources to deliver actionable insights to product, revenue and marketing managers.
"OneFold has developed a unique approach to transform, analyze and visualize the enormous amount of data coming from mobile and wearables," said Jerry Held, OneFold advisor and former Chairman of big data company Vertica (acquired by HP for $280MM).
Benefits of OneFold's Technology: Democratizing Analytics
OneFold's mission is to empower end users of analytics information in mobile and wearable companies. These managers are looking to optimize engagement and monetization in a market that is expected to capture $200B in revenues through in-app purchases and m-commerce by 2017. The company is currently in private beta with several such mobile-enabled organizations.
"Organizations with mobile apps, m-commerce or wearable apps are struggling with enormous volumes of data being generated for entirely new types of user behaviors compared to behaviors seen on the web or the desktop," said Peter Relan, Chairman of OneFold. "Analytical insight has so far required expensive tools and data scientists to mine the terabytes to exabytes of generated data. OneFold empowers mobile product executives to directly get 80 percent of the insights they need instantly through an insanely intuitive user interface while efficiently utilizing their valuable data scientists for the very complex 20 percent of insights that cannot be answered in real time."
"Having managed mobile product development at Intuit and TeleNav, I saw the gap between the analytical insights needed by product executives and the actual insights delivered by tools today, even with the help of expensive data scientists," said Navneet Aron, Stanford graduate and OneFold Co-Founder. "We've reimagined the problem in the context of 10x lower storage costs and cloud computing costs in 2013 and created our DHQL platform for this new cycle of mobile and wearable computing."
"Mobile and mWeb app publishers want direct and timely access to deep behavior insights of their users in attempt to boost app engagement and conversions. We have validated this with dozens of mobile-enabled organizations; several of which are now in our private beta," said Oracle alumnus Uday Sandhar, OneFold Co-Founder and Business Head.
OneFold is focused on Big Data generated by Mobile and Wearables. OneFold eliminates the burden on data scientists for 80% of analytical insights needed by Product Managers and Marketing organizations to optimize Mobile App revenues (projected to reach $200B yearly run rate by 2017 in m-commerce, travel, financial & gaming verticals). Companies in the big data space, but focused on other aspects of big data analytics are: Databricks (Funded by A16Z), Trifacta (funded by Greylock, Accel Partners), and ClearStory Data (funded by KPCB, Google Ventures, A16Z), and Origami (funded by Accel, Lightspeed and Jafco Partners).
Based in Menlo Park, California, OneFold is founded by engineer entrepreneurs from Oracle and Intuit, with 20+ years experience building and growing mobile and enterprise software products in small and large Silicon Valley companies. OneFold has been accelerated at Studio 9+ accelerator (www.studio9plus.com). Learn more at www.OneFold.io
OneFold has completed its seed round, and is not soliciting any funding. This press release is not an offer to purchase, a solicitation of an offer to purchase or an offer to sell securities.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2510940
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2510942
OneFold / Studio 9+
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Apr. 30, 2016 07:45 AM EDT Reads: 886
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Apr. 30, 2016 07:45 AM EDT Reads: 893
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Apr. 30, 2016 07:30 AM EDT Reads: 553
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Apr. 30, 2016 06:00 AM EDT Reads: 2,448
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
Apr. 30, 2016 04:00 AM EDT Reads: 1,718
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Apr. 29, 2016 09:15 PM EDT Reads: 354
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Apr. 29, 2016 09:00 PM EDT Reads: 1,553
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 29, 2016 08:30 PM EDT Reads: 1,754
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
Apr. 29, 2016 07:30 PM EDT Reads: 2,412
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, will draw upon their own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He will also discuss the implementation of microservices in data and applicat...
Apr. 29, 2016 05:15 PM EDT Reads: 1,705
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
Apr. 29, 2016 04:30 PM EDT Reads: 1,792
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Apr. 29, 2016 04:30 PM EDT Reads: 656
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Apr. 29, 2016 03:45 PM EDT Reads: 1,644
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 29, 2016 03:30 PM EDT Reads: 1,677