First SaaS, Now WaaS? BitYota Moves From Stealth With $12M in Big-Data Play.
BitYota — a data “warehouse-as-a-service” start-up led by a former top Yahoo engineering exec — has emerged from stealth mode with $12 million in funding from some top Silicon Valley investors, including Jerry Yang.
The company describes it as a “SaaS-model Data Warehousing platform” — which essentially means it is in the explosive business of helping businesses better manage and understand ever larger troves of digital data in the cloud.
BitYota said its service will first be available on Amazon Web Services.
“Companies across every spectrum have an undeniable need to use data to unlock new sources of economic value but relatively few companies have invested sufficient time, money or people to do this right,” Dev Patel, CEO of BitYota, said in a statement. “We believe that data and analytics should be broadly accessible to everyone inside the company and it shouldn’t take a fortune to analyze data.”
Patel should know big data — he was, until last summer, a top engineering exec at Yahoo, working on advertising products and data platforms. Previously, he was CEO of Whereonearth, a geo-targeting company that Yahoo bought in 2005.
The start-up got its $12 million funding from a range of investors, including Globespan Capital, the Social+Capital Partnership, Dawn Capital, Andreessen Horowitz, Crosslink Capital and Morado Ventures, as well as individual investors such as Yang and others.
Here’s BitYota’s official press release, for those who want more deets: