Big data and machine learning solution platform Bigstream has closed its Series A round of funding.
Commitments to the undisclosed investment came from firms including Cota Capital, Oriza Ventures, and Intel Capital.
California-based Bigstream is a hyper-acceleration platform for big data and machine learning systems. The system helps to speed up platforms and lower latencies for interactive queries and analytics. Hyper-acceleration helps to improve security analytics, IoT, financial risk analysis and fraud detection.
One of the company offerings helps financial services with the risk management and fraud detection, and algorithmic trading, by offering accelerated processing, data management and big data and machine learning processes.
Bigstream co-founder and CEO Maysam Lavasani said, “The leap forward in scale and complexity of new Machine Learning applications is already exceeding the limits of current computing infrastructures. As new hardware accelerators proliferate, traditional methods of performance engineering will not scale to meet the new demand. Hyper-acceleration provides a frictionless way to iterate faster on Machine Learning models and advanced analytics.”
Following the investment, Bigstream will partner with Intel on sales and marketing for financial institutions, AdTech and the public sector.
Last month Cota Capital led the ?2m round of equity into revenue and billing management platform Recvue. The funding will help the company to further its innovation and boost growth.
Other company currently in Cota portfolio include payroll, compliance and benefits provider Gusto, bookkeeping and tax management service inDinero, and banking services Seed.
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