Welcome!

News Feed Item

OneFold: Ex-Oracle and Intuit Execs Raise Seed Funding to Tackle Mobile and Wearable Big Data Analytics Using Cloud-Based DHQL Technology

AngelList Syndicate Led by Peter Relan's Studio 9+ Used to Raise Majority of $400K Seed Round

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."

OneFold Team
"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.

About OneFold
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

Add to Digg Bookmark with del.icio.us Add to Newsvine

Press Contact
Peter Brooks
OneFold / Studio 9+
415-425-4225

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.