Ayasdi Scores $30M Series B Round As Citigroup And GE Look For Answers In Big Data Mapping
In big data, the multi-million dollar question may be how to interpret massive data sets when you actually don’t know the question. That’s at least what several major institutional venture capital firms are betting by putting tens of millions behind big data startup Ayasdi.
The result of years of mathematics research at Stanford, Ayasdi’s approach to data has brought in a slew of big-time clients in just six months of operation. Now Citigroup C -0.61% and General Electric GE -0.11% have thrown their weight behind the data startup as Ayasdi announced a $30.6 million Series B funding round on Tuesday that includes Citi Ventures and GE Ventures.