Big Data Startup Nutonian Lands $4 Million In VC Funding
There's been a lot of venture capital funding thrown at big data startups in the past year or two. This week the winner was Nutonian, a Boston-based big data analytics startup whose software is used to find and explain correlations and trends within huge volumes of data.
Nutonian said it raised $4 million in first-round funding, money the company plans to use to further develop its Eureqa software.
Eureqa goes beyond traditional machine learning analytics by not only finding unseen relationships in big data but also explaining why a particular prediction is being made, Michael Schmidt, founder and CEO of Nutonian, told CRN.