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Tamr, Inc., Enables Enterprises to Connect and Leverage All Their Data
|By Business Wire
|May 19, 2014 01:15 PM EDT
Inc., of Cambridge, Mass., a new company founded by big-data serial
entrepreneurs Andy Palmer and Michael Stonebraker, today unveiled
software that dramatically reduces the time-to-value for enterprises
that want to exploit all their data. The announcement was made at the
DataBeat 2014 conference, which runs May 19-20 in San Francisco.
The company also announced today that it has received more than $16
million in financing led by Google Ventures and New Enterprise
Associates (NEA). Rich
Miner of Google Ventures and Peter
Barris from NEA have joined Tamr’s board of directors. They join
database pioneer Jerry
Held, who is chairman of the board, alongside Andy Palmer and
Tamr’s scalable platform for data curation lets businesses connect and
enrich all their data, including internal data sources and external
public data sources, as well as feeds from the Internet of Things. In
early customer tests, Tamr was able to connect, curate and prepare
enterprise data in days or weeks, instead of months or quarters. The
Tamr system identifies and connects a massive variety of siloed data
across an enterprise by applying advanced machine learning with the
insight of human guidance.
“Tamr is groundbreaking,” said Andy Palmer, CEO and co-founder of Tamr.
“It brings to enterprise data the kind of advanced curation that’s
defined successful data-driven consumer Internet companies. Early Tamr
customers are getting some impressive results from the Tamr platform.”
“Tamr creates significant enterprise value,” said Rich Miner of Google
Ventures. “Businesses can’t keep up with the number and depth of data
sources exploding within their companies. Tamr combines machine learning
and corporate knowledge to unlock a unified view of companies’ most
valued data repositories.”
“Curation is a key theme in NEA’s portfolio across a number of
consumer-focused verticals, from commerce to content,” said Peter
Barris, Managing General Partner, NEA. “We are thrilled to find in Tamr
the right technology and the right team to bring data curation into the
enterprise, where there is tremendous opportunity to bring new levels of
business insight and velocity to organizations.”
“With Tamr, CIOs and Chief Data Officers can now have visibility of all
their data assets and their data experts,” said Tamr chairman
Jerry Held. “We can provide a reusable inventory of all of an
enterprise’s information assets – including the long tail of data
sources that often reside in lines of business, under the radar of
central IT organizations.”
How Tamr Works
system blends machine learning algorithms with human guidance (for
insight into and understanding of the data that only they possess).
Tamr automates most data curation tasks, and enables data stewards and
curators to intelligently assign exceptions to the right data experts,
who collaborate and make the final curation calls using a Tamr
dashboard. Tamr is an “active learning system” that continually learns
the more it’s used, building an institutional memory and data inventory
of bottom-up enterprise information.
Tamr supports RESTful APIs so that an enterprise can use its existing
visualization and data science toolkits on top of Tamr.
The Tamr system has been in commercial development for nearly two years,
which involved working closely with Fortune 1000 customers.
The system is based on research
from MIT, UC Berkeley, Brown University, Brandeis University and Qatar
Computing Research Institute. Tamr’s co-founders worked previously at
building large-scale database systems at companies such as Ingres,
Tandem, Vertica Systems, VoltDB and Paradigm4.
For more information about Tamr, follow the company on Twitter
or its Insights
& News page.
About Tamr, Inc.
Inc., connects and enriches the vast reserves of underutilized
internal and external data, so enterprises can use all their data for
analytics. Tamr combines machine learning algorithms with human insight
to identify sources, understand relationships and curate the massive
variety of siloed data. Tamr’s software is commercially available and
deployed in production at Fortune 100 companies. Tamr was founded in
2013 by big-data serial entrepreneurs Andy Palmer and Michael
Stonebraker, who previously co-founded Vertica Systems (acquired by HP);
Ihab Ilyas of the University of Waterloo; George Beskales of Qatar
Computing Research Institute; Daniel Bruckner of the University of
California, Berkeley; and Alex Pagan of MIT. Tamr is based in Cambridge,
Mass., and is backed by Google Ventures and New Enterprise Associates.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140519005565/en/
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