Startup Funding

January 25, 2017

Top 10 Texas Big Data Ventures from 2016

Big Data continues to see strong growth.  In 2015 there 462 deals funded at $5.6B. Big Data companies in Texas raised $284M in 2016.   Of the top 10, Austin has 6 companies totaling $210M as follows: Company Name Total Funding Headquarters Location Civitas Learning $88,949,999 Austin, Texas, United States Continuum Analytics $45,000,000 Austin, Texas, United States Dachis Group $37,500,000 Austin, Texas, United States Worksoft $32,000,000 Addison, Texas, United States CognitiveScale $25,000,000 Austin, Texas, United States PROS Holdings $25,000,000 Houston, Texas, United States UpSnap $9,900,000 The Woodlands, Texas, United States ImageVision $7,519,000 Anna, Texas, United States UnaliWear $7,100,000 Austin, Texas, United States InforcePRO software $6,551,147 Austin, Texas, United States Total $284,520,146    

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Company Spotlight: Edgecase

Edgecase is redesigning the way product data is looked at in the massive ecommerce market. Creating a unique shopping experience with their ability to combine big data with Product Intelligence Platform. By combining these two elements they are able to do away with retailers missing over 50% of the product data that they believe is fueling their ecommerce sites. Retailers then invest heavily in many of these products to only fail to represent the effective fashions that shoppers are looking for. Edgecase is now resolving this gap through their innovative solution. Creating and maintaining quality product attribute data is a main challenge to almost all retailers. Product data can be drawn from multiple sources and come across from various platforms. Keeping up with the growing big data is what most retailers are able to do but, Edgecase is changing this by allowing retailers to be more strategic and engage in better dialogue with the consumers. With improving product data and making it more understandable for the consumer, each party becomes more helpful to one another creating a better experience on both ends. Edgecase is the first platform technology solution to solve this data challenge by combining machine intelligence with innovative crowd management to cleanse and enrich product data at scale. Product Intelligence Platform delivers world-class product data enrichment at a fraction of the cost and time found in other labor intensive, error prone alternatives. Edgecase is generating exceptional ROI for leading brands such as HSN, Pier1 Imports, L’Oreal, Crate&Barrel and The MensWearhouse. Currently they are pursuing a $5M investment to help accelerate their sales and marketing in order to quadruple their bookings for the following year. They are looking for investors for experience in the retail sector, an appreciation for the power of data and the ability to lead a round with participation from current investors.

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